retirement Archives - Your ExitMap

What is “Holistic” Planning?

John F. Dini — Fri, 04 Apr 2025 16:54:30 +0000

Financial planners use the term “holistic planning” frequently. It’s meant to indicate that they consider the client’s short- and long-term life goals and the future they visualize. According to Fidelity Investments Holistic Wealth Planning is continuous and considers two dozen aspects of client wealth objectives. The Valuation Reality Gap - Only one of those aspects is ownership of a business.

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Seize The Moment: Strategically Timing Your Retirement When Selling Your Business

Kerry Boulton — Tue, 06 Aug 2024 15:49:54 +0000

Imagine standing at the edge of a cliff, ready to take a leap into a new chapter of your life. That’s retirement. Now, picture this adventure interwoven with the sale of your business. Exciting, right? Just like any daring journey, timing is everything. Let’s talk about finding that perfect moment to embark on your retirement while selling your business. It’s not just about calendars and clocks; it’s about aligning the stars to make the most of your hard-earned efforts.

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What’s Your Purpose in Retirement?

Steven Zeller — Fri, 24 Jun 2022 23:16:28 +0000

Retirement can be an exciting milestone. It’s also a major lifestyle change. Oftentimes, your daily workday tasks (professionally or if you run your own business) will likely no longer exist. Transitioning into retirement for some is an easy process. Perhaps their profession is not their absolute passion, and they always had other pursuits and hobbies they are ready to explore once exiting from their day job. But for others, their profession or business is their passion. They put all their time and energy into it and are dedicated to their profession for many years. Now suddenly, retirement is on the horizon and work is coming ... Read more

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Die at Your Desk or Go Golfing?

Corby Megorden — Mon, 22 Nov 2021 19:07:40 +0000

Die at Your Desk or Go Golfing? The truth of the matter is, every small business owner will eventually transition from the business. While most have spent much time working in the business, and at times on the business, they have not given much thought to what to do after the business. Whether you love your work so much that you would be happy to die at your desk, or you would like to devote much more time to your golf game, every small business owner needs to consider how they plan to exit. And planning has significant benefits. The Business Enterprise Institute defines three ... Read more

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Are You Prepared for the Next Stage of Your Business?

John Kohler — Tue, 17 Nov 2020 20:15:32 +0000

You’re a successful business owner who’s devoted all your time and effort to growing your company to be a best-in-class provider in the industry. With your head down so long, you’ve probably never thought about what you were going to do as you approached the next stage of life. Planning for that next stage before you actually get there can help solve many of the problems today’s business owners often face following an exit transaction. It may sound great to play golf every day, or to sit at the lake and fish, but does that replace the daily rush you had while operating your business? ... Read more

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