PREPARE. PLAN. LIVE.
Read the latest news in Transition Planning.
In this final part of the blog, we will look at some more traps leading to unsuccessful transitions, and conclude by outlining what’s required for a successful business transition.
Over 70% of business owners have the majority of their wealth tied up in their business. Therefore, it’s critical to sell your business for the best possible price to provide funds for your retirement and for future generations.
“It is not the strongest of the species that survives, nor the most intelligent. It is the one that is most adaptable to change.” Charles Darwin, On the Origin of Species.
This week Peter shares three more real life situations that prove the multitude of ways in which transition planning can assist professionals and executives to ensure you are on the right path for a happy and healthy retirement.
This week Peter shares another real-life situation that proves the multitude of ways in which transition planning can assist in ensuring you are on the right path for a happy and healthy retirement.
In my experience, transition planning is a critical part of the broader business succession planning process – whether that be a family intergenerational succession plan or a succession plan involving sale of a business to a third party.
The process of retiring takes a lot of planning and forethought. To successfully transition from work to retirement it is important that you first grasp the concept of transition thinking.
While financial stability is undoubtedly a key ingredient in the recipe for a happy and successful retirement, there are other factors that are just as important but often overlooked.
At Transition Planning Australia, we have identified five key factors that need to be satisfied in order for you to enjoy a happy retirement.
As you head towards your retirement you are probably considering the vast ways in which you might put yourself to use outside of your traditional career. One thing people often don’t consider is becoming a mentor or teacher.
Here are eight questions to ask yourself, to discern whether you are on your way to being financially prepared for retirement. It’s important to seek Financial Advice, and here are some of the issues you will need to work through.
The transition process into retirement is a lot more complicated than people realise. At Transition Planning Australia, we have identified five key things that need to be satisfied in order to enjoy a happy retirement.
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