Strategic Thinking For Business Owners For Successful Retirement, According To Your Strategic Thinking Business Coach
Strategic Thinking For Business Owners For Successful Retirement, According To Your Strategic Thinking Business Coach
Using a strategic thinking approach to the subject of financial planning and retirement, there is a recognition and confirmation that small business owners and entrepreneurs have tremendous opportunities to remedy the lack of preparation for retirement, which incorporates the role of an exit strategy and succession plan. The small business owner has the opportunity to use strategic thinking in developing a well thought out retirement plan that includes strategies related to a company employee retirement plan; investments beyond re-investing in the business; diversified investments; an exit strategy and a succession plan.
There are far too many business owners that are not considering the future of his or her business. Another fact from the survey by ShareBuilder shows that 60% of the business owners surveyed have NO PLANS to sell their business to help fund their retirement – but for other owners, such a sale can be a crucial part of a successful retirement plan.
Business owners need to develop a strategic plan for their retirement, especially when they make the commitment to count on selling their business to help fund their retirement. This means preparing a well-thought out exit strategy and succession plan. An article entitled, “Strategic Actions For A Strategically Structured Succession Planning For Company Leadership” can be found at
http://www.evancarmichael.com/Business-Coach/223/Strategically-Structured-Succession-Planning-For-Company-Leadership-According-To-Your-Strategic-Thinking-Business-Coach.html
Your Strategic Thinking Business Coach has developed a list of actions to consider when developing your strategic retirement plan as a business owner.
1. Commit to making your retirement planning for you and your business a priority with a specific timeline.
2. Develop and define a clear and focused vision for you and your business in your retirement.
3. Develop a list of retirement goals that fit into your defined retirement vision.
4. Gather the necessary financial information for your business and any existing retirement plan information for your business.
5. Recruit and engage the professional services of a certified, experienced, respected and trusted financial adviser and planner.
6. Seek advice from other key advisers as part of your team for the development of your plan. This would include legal counsel, accounting and business coaching.
7. Develop the specifics of the retirement plan(s) for the company employees and for yourself. Review the draft plans with your team of advisers. Adopt the plans when you are satisfied they will meet your vision and goals and then present the plan(s) as appropriate (excluding the personal and confidential parts for yourself) to the company employees.
8. Implement the plan(s).
9. Monitor the plan(s) and make adjustments as required.
10. Continue working “on your business” and building more value.
Small business owners and entrepreneurs have some extraordinary opportunities to plan their retirement. And I would suggest that those great attributes of creativity, strategic thinking and planning and discipline that helped the owner build their business will help them create a strategic retirement plan that will get them to their vision.
Your Strategic Thinking Business Coach encourages you to fully realize the benefits of business coaching to strategically and effectively grown and mange your business. If you would like to learn more about how a strategic thinking business coach can facilitate and guide you in that endeavor, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
Strategic Thinking For Business Owners For Successful Retirement According To Your Strategic Thinking Business Coach - To learn more about this author, visit Glenn Ebersole's Website.
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Small business owners know that running a small business requires constant attention. And small business owners, especially entrepreneurs, tend to work “in their business” rather than work “on their business.” And that is one reason why it should be no surprise that too many entrepreneurs and small business owners put their own financial planning squarely at the bottom of their “TO DO” lists. In fact, a survey conducted by Harris Interactive for ShareBuilder indicated that 47% of small business owners are not confident that they are prepared for retirement.
Using a strategic thinking approach to the subject of financial planning and retirement, there is a recognition and confirmation that small business owners and entrepreneurs have tremendous opportunities to remedy the lack of preparation for retirement, which incorporates the role of an exit strategy and succession plan. The small business owner has the opportunity to use strategic thinking in developing a well thought out retirement plan that includes strategies related to a company employee retirement plan; investments beyond re-investing in the business; diversified investments; an exit strategy and a succession plan.
There are far too many business owners that are not considering the future of his or her business. Another fact from the survey by ShareBuilder shows that 60% of the business owners surveyed have NO PLANS to sell their business to help fund their retirement – but for other owners, such a sale can be a crucial part of a successful retirement plan.
Business owners need to develop a strategic plan for their retirement, especially when they make the commitment to count on selling their business to help fund their retirement. This means preparing a well-thought out exit strategy and succession plan. An article entitled, “Strategic Actions For A Strategically Structured Succession Planning For Company Leadership” can be found at
http://www.evancarmichael.com/Business-Coach/223/Strategically-Structured-Succession-Planning-For-Company-Leadership-According-To-Your-Strategic-Thinking-Business-Coach.html
Your Strategic Thinking Business Coach has developed a list of actions to consider when developing your strategic retirement plan as a business owner.
1. Commit to making your retirement planning for you and your business a priority with a specific timeline.
2. Develop and define a clear and focused vision for you and your business in your retirement.
3. Develop a list of retirement goals that fit into your defined retirement vision.
4. Gather the necessary financial information for your business and any existing retirement plan information for your business.
5. Recruit and engage the professional services of a certified, experienced, respected and trusted financial adviser and planner.
6. Seek advice from other key advisers as part of your team for the development of your plan. This would include legal counsel, accounting and business coaching.
7. Develop the specifics of the retirement plan(s) for the company employees and for yourself. Review the draft plans with your team of advisers. Adopt the plans when you are satisfied they will meet your vision and goals and then present the plan(s) as appropriate (excluding the personal and confidential parts for yourself) to the company employees.
8. Implement the plan(s).
9. Monitor the plan(s) and make adjustments as required.
10. Continue working “on your business” and building more value.
Small business owners and entrepreneurs have some extraordinary opportunities to plan their retirement. And I would suggest that those great attributes of creativity, strategic thinking and planning and discipline that helped the owner build their business will help them create a strategic retirement plan that will get them to their vision.
Your Strategic Thinking Business Coach encourages you to fully realize the benefits of business coaching to strategically and effectively grown and mange your business. If you would like to learn more about how a strategic thinking business coach can facilitate and guide you in that endeavor, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
Strategic Thinking For Business Owners For Successful Retirement According To Your Strategic Thinking Business Coach - To learn more about this author, visit Glenn Ebersole's Website.
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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