For many small business owners who’ve spent their entire lives building their businesses, retirement may just be the light at the end of the tunnel. No more long hours, client complaints, meticulous inventories, and employee issues. However, while many look forward to turning their backs on personally running their businesses, many will also soon find out that it isn’t even an option anytime soon.
- Recruit a team of financial and legal experts.
- Know you pre- and post- retirement budget.
- Devise a succession plan.
- Explore all investment possibilities.