Strategies for Retiring Young, Soon, and Wealthy
|Oct 21, 2006 6:49 pm
||re: re: how do you know it's time to retire?
| Paul Cox
I believe that rather than knowing when it is time to retire you need to know that you are ready to retire. This is hopefully when you have reached that planned stage of your life in terms of creating income streams to be able to do the things you want to do without exturnal support.
Strategies for exit from a business are best done early. Concentrate on when the business will be most marketable to hit the time you wish to sell (no new business arms starting etc).
Think about it. You would never start an important journey with a map of how to get there and a tool kit and communication in case things go wrong.
If you want to go through your business life with out frequent use of the emergency services then:
KNOW YOUR GOALS
PLAN YOUR ROUTES TO GET THERE
PLAN HOW TO EXIT THE BUSINESS WITH ENOUGH TO SUPPORT YOUR DESIRED LIFESTLE
GET A GOOD PLAN AND USE A GOOD EXTURNAL NAVIGATOR TO KEEP YOU ON TRACK
PS I COACH CONSULT AND MENTOR BUSINESS OWNERS ( I CAN READ YOUR BUSINESS MAP}
So lets create the map and get you moving to your goal
Private Reply to Paul Cox (new win)