Find It After Fifty

You’ve built something real. A business that paid the bills, created jobs, and shaped your life. But now—after 50—you might be wondering what comes next.

Whether you’re planning to retire, downsize, or just slow the pace, having an exit plan is essential. Selling or transitioning your company isn’t something to leave to chance.

Here are six steps to get started the smart way:

1. Know your number.
   Figure out what you need to retire comfortably. Then find out what your business is really worth. A gap means it’s time to grow value before selling.
2. Clean up your financials.
   Buyers want clarity. Remove personal expenses, document revenue streams, and ensure clean books for at least three years.
3. Build systems, not dependence.
   The less your business depends on you, the more valuable it becomes. Train staff, document processes, and delegate.
4. Plan for taxes early.
   Exit taxes can surprise you. Talk with a CPA experienced in business sales and succession to structure a tax-efficient deal.
5. Protect key relationships.
   Communicate with partners, employees, and family. A clear plan avoids confusion and preserves your legacy.
6. Get expert guidance.
   A certified exit planner or business broker can help you time the market, find buyers, and negotiate terms that fit your goals.

Final Thought
Exiting isn’t about endings—it’s about control. With the right plan, you can move on with confidence and even help others do the same.

At FindItAfterFifty.com, we share honest, practical advice for business owners over 50 who want to retire on their own terms. Please contact Michael HERE for more information.

Disclaimer:
This article is for informational purposes only and should not be considered financial or legal advice. Always consult qualified professionals when planning a business sale or transition.