
"The question isn't who is going to let me, it's who is going to stop me.” - Ayn Rand
Even if "business is good" right now, part of our role is to help point out potential potholes along the future path for business-owner's.
Which is why I'm here to raise some questions for you.
It's a bit of a different approach than I normally take in my Strategy Note, but if you take it seriously ... it can be a transformative process.
Take a look at each of these questions, even if you are troubled by any of your answers--
Behm's Small Business Health Quiz
From part one...
#1: Is the value of your business firmly established?
[Buy/Sell Agreements]
#2: Is there an emergency plan?
[Will & Asset Protection Strategy]
#3: What happens next?
[Business Succession Plan, and more]
Now to the next questions...
#4: What are your retirement plans?
Questions to consider:
- Do I know how much income I will actually need at retirement?
- How much control in the business must I maintain to secure my retirement income?
- Have I looked into financing options for key employees to buy me out?
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