Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.

Author: Ingvar - Retiree In Training  

Working after retirement

I’ve been promoting and encouraging you to start up a business in your retirement.  For those of you that are considering starting your business part of your plan should be to consider, when is it time to get out of business?  What is your long term exit strategy?  Many entrepreneurs envision at least a five year period to grow and nurture their business.  So, what are some of the signals or opportunities to look for to influence the timing of your decision to sell?

You may have achieved the goals you set for your business and are ready to move on to another opportunity.  Selling your business might supply you with the capital you need for your next venture.  Maybe you have lost your passion for your work.  You may be overwhelmed or feeling burnt out and no longer interested in your business.

Perhaps the market is peaking and you wish to sell in anticipation of a long term poor market outlook.  Now might be the time that there are more interested buyers on hand.  Now might be the time to maximize your profit.

The bottom line is that if you enter into a business you should also have a plan to sell that business so that when the opportunity arises, you can exit at the right time in terms of both profit and readiness to move on with your next undertaking.

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