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