The natural progression for most business owners contemplating retirement is to sell their business for a large sum
of money, leaving the responsibilities of business ownership behind. However, this may not necessarily be a good plan for your business or your bank account.
Enter the concept of half-retirement where your final proceeds are not left at the mercy of interest rates and stock market trends, and you still remain engaged with your life’s work with time left for leisure and recreation.
In this Podcast video edition, Fred Coon, SC&C CEO, speaks with entrepreneur, franchisor, and author, Jim Muehlhausen on the subject.
Scroll down for full video interview.
About the Guest:
Like most entrepreneurs, Jim Muehlhausen has an eclectic background ranging from CPA, franchisee, attorney, business owner, consultant, franchisor, public speaker, university professor, and book author.
While still attending the Indiana University School of Law, he became the youngest franchisee in Meineke Discount Muffler history. After successfully selling that business, Jim founded an automotive aftermarket manufacturing concern. During his 9-year tenure with that business, the company achieved recognition from Michael Porter of the Harvard Business School and Inc. Magazine in the IC 100 Fastest-Growing Businesses.
About twenty years ago, he found his true passion, serving as a consultant, business coach, and advisor to hundreds of businesses. He has conducted 10,000+ one-on-one consulting sessions with business owners around the globe. He has previously written two well-regarded books, The 51 Fatal Business Errors and How to Avoid Them, and Business Models for Dummies, and has contributed to publications such as Inc., The Small Business Report, Entrepreneur, BusinessWeek, and various business journals.
Jim has now turned his attention to the problems facing aging business owners. By studying thousands of business owners, collecting their best practices, and augmenting them, Jim created the Half-Retire Blueprint. This step-by-step process helps business owners create a profitable alternative to selling their business via Half-Retirement. This trademarked system is outlined in Jim’s book Half-Retire: Keep Your Business, Ditch the Stress.
Stewart, Cooper & Coon offers Human Capital Strategy Services to both individuals and corporations. Our staff is dedicated to our clients’ success via innovative job search processes, employment management strategies, and state-of-the-art technologies. Contact Fred Coon – 866-883-4200, Ext. 200
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