Beginning of the End: A Practical Guide to Retirement Preparation for the Small Business Owner

Beginning of the End: A Practical Guide to Retirement Preparation for the Small Business Owner

by Terri Bourne

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Overview

It’s never too early to start thinking about how you’re going to exit your business.

The Beginning of the End guides you step by step through thinking about your options and preparing both mentally and financially, to setting up your business to sell as simply and profitably as possible.

As you discover more about your business’s potential, you may decide to take an alternative route to retirement – fretirement, retiring from your business without selling it. This book helps you to consider all your options.

Dr Terri Bourne, entrepreneurship expert and business owner for over 20 years, shares her experience and insights to assist business owners in successful retirement and exit planning.

Product Details

ISBN-13: 9781788601887
Publisher: Alison Jones Business Services Ltd
Publication date: 07/09/2020
Pages: 216
Product dimensions: 5.06(w) x 7.81(h) x 0.46(d)

About the Author

After a successful career in teaching and school management, Terri Bourne fulfilled her ambition to set up her own business. Enjoying the challenge of starting a business from scratch, she went on to set up 7 different ventures over a 10-year period, all running concurrently, one of which had 16 branches.

Terri focused on building good staff teams, developing bespoke staff training and devising business systems to take each company forward. An advocate and practitioner of life-long learning, she gained a Masters in Human Resource Management to further understand successful team management, her research speciality on the work-life balance of entrepreneurs.

Experienced in running more than one business herself, Terri later researched portfolio entrepreneurship whilst gaining a Doctorate in Business and is still an expert in this niche academic field.

Terri has been a guest speaker at business groups in the north west, covering a variety of topics, including systemizing your business for growth, work-life balance, and portfolio entrepreneurship.

More recently, Terri has turned her attention to look at exit planning, retirement and beyond. Her current research has shown that many business owners concentrate their efforts on building and running their businesses but fail to look at how to exit them in the best possible way.

Table of Contents

Preface................................................................................ v

Introduction.....................................................................vii

Phase One: Analysing your options........................... 1

Chapter One – Key questions to consider.......................3

Chapter Two – Factors influencing your decision to sell..31

Phase Two: Preparing to sell your business ............ 51

Chapter Three – SWOT to sell........................................53

Phase Three: Assessing finances............................... 75

Chapter Four – Business finance....................................77

Chapter Five – Personal finance.....................................95

Phase Four: Organizing your processes................. 119

Chapter Six – Streamlining your systems...................121

Chapter Seven – The Three Folder System ................131

Phase Five: Making a decision............................... 159

Chapter Eight – To sell…..............................................161

Chapter Nine – …Not to sell........................................175

Conclusion......................................................................199

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