A. Don’ t Bank on an Exit
While all entrepreneurs secretly( and sometimes not so secretly) dream of a big“ exit” down the line, it ‟ s dangerous to bank your retirement on that happening. There are a million reasons why you might not sell your business, so preparing along the way ensures you don ‟ t have an“ oh no” moment in your golden years.- Ross Beyeler, Growth Spark
A. Diversify and Never Retire
Diversify your activities and most importantly, never retire. A true entrepreneur will never reach a point of full satisfaction. Plus, it ‟ s my personal belief that retirement is really not good for you. Any entrepreneur should diversify and when your financials allow it, invest in real estate for your peace of mind. It is best to invest in a new development and in an area that you believe in.- Adrian Ghila, Luxe RV, Inc.
A. Don’ t Retire Early
Just step out of the day-to-day jobs and move into advisory or steering committee type positions. Chances are, if you are a successful entrepreneur, you ‟ ll struggle to fully retire. It ‟ s addictive work! Find ways to stay involved that are enjoyable and allow you to invest as much or as little time as you have. That way you can still enjoy retirement!- Baruch Labunski, Rank Secure