Many business owners wait until a health challenge scares them or their spouse into preparing an Exit Plan. If health is still on your side and there are things you’d like to do that requires good health, now is the time to start preparing possible scenarios to transition your business! Most baby boomer entrepreneurs say they started their own business so they could have more freedom and spend more time with the family. For some business owners, reality has turned out to be just the opposite.
Do you remember why you wanted to start your own business? Have the work requirements of business ownership and the expectations you’ve put on yourself taken priority over family time? Have you missed out on your grand children’s little league, birthdays or anniversaries with your wife? Now might be the time to say, “time to cash in and start the next chapter of my life!”
We all have hopes and dreams as a young couple but sometimes we put those dreams on the shelf to build a secure future. You have worked extremely hard to get where you are today and your business likely has value on the market. It’s a real possibility that you might be able to sell, walk away from your business, and start enjoying the rest of your life with your family and friends?
When you got married, what were some of the things you talked about doing? Every baby boomers have a “bucket list”. Is now the time to start marking items off of your list. Have you traveled through Europe and seen all the famous architecture? Did you want to tour the entire United States national parks in a luxury motorhome? Did you see yourselves walking sandy beaches, sitting on a lounger with your drink and enjoy the sunsets with your wife?
If you’re willing to start preparing, this could be the optimum time to sell your business, spend some extra time with the family, and enjoy your freedom. You still have the rest of your life to enjoy the fruits of your hard work.
According to AARP, 87% of baby boomers will be traveling internationally in 2018. In fact, baby boomers are expected to take four to five leisure trips in the next year. Many of these travelers are business owners searching for a place to rejuvenate and get away from the grind of business ownership. Escaping the fast-paced modern world for dream destinations is a much easier decision once you’ve successfully sold your business.
We, at Transition360, want to help you succeed in crossing all of those things off of your bucket list. The best thing you can do for your business and your spouse it to start preparing. Feel free to contact us for a free consultation and let’s get the ball rolling! Your family is waiting!
About the Transition360, 93% Close Ratio
The 360° Development Program™ is an exclusive multi-phase service designed from 30 years of best practices and experience learned from selling businesses. This process helps the team at Transition360 eliminate deal killers before they happen. The Result…………a 93% success ratio.
What’s Your Exit Strategy? Who Is Helping You With It?
Please contact us today for more information about the Transition360 process.