Business Owner: Don't sell your business just yet!

Half Retire

instead.

Many business owners don’t want to fully-retire – they’d be bored.

They’d miss their work relationships and worry how they would maintain their lifestyle if they sold their business. There’s no need to feel that pit in your stomach when you think about how you’ll exit your business.
You don’t have to feel this way!

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Half-Retire is developed by Jim Muellhausen JD, CPA and brought to you by trusted coach Tom Jordan

Half-Retirement is a completely different approach to both exit planning and creating a smoother-running business.

Instead of working to create only better systems, it takes a more holistic approach with the express goal of radically reducing the owner’s work time, and rethinks everything about the business from the ground up. As you can imagine, this requires some investment of time and attention on the owner’s part, but the results are more than worth it.

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Most Businesses Aren’t Sold for Financial Reasons

Whenever a business owner is contemplating the sale of a business, the only discussion topic is money. However, most businesses are sold for non-financial reasons. The business owner gets fed up with the headaches or simply loses passion. The money is simply a “cherry on top” to make the psychological BS stop.

If you have ever owned a stock that is taking a nosedive , you know this feeling. At some point, you just want to stop looking at the chart going the wrong way, so you sell…right at the bottom (at least I do). Why would a savvy business person sell at the absolutely (no hyphen) worst time? Because it’s not about the money; it’s about making the psychological pain go away. So, what’s my point? I want you to separate the financial aspect of selling your business from the psychological aspect. Selling your business is one of the most important decisions of your life, so let’s get it right. Once you separate these aspects, you can make a better decision.

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self-study

$495

DIY Implementation

For business owners who are well on their way in developing their custom Half Retire Blueprint and just need some structured content to keep on track. Also, for the business owner who cannot commit to a set day and time for the Workshops or for the owner who just prefers to work on their own pace.
The package includes:
 
  • An Indepth step by step introduction and "how to" video from Tom Jordan on how to maximize the Half Retire platform
  • Slide Deck for all 6 sessions
  • Recordings of each session from prior Workshops. (Valuable content as you will see and hear how other owners worked through the 6 sessions)
  • 155 page workbook with resources covering all aspects of the methodology in building your Half Retire Blueprint
  • 5 assessments that measure your personal and business readiness to half retire.
  • A statistical informal valuation of your business
  • Testimonial videos from prior Half Retire Workshop Business Owners
  • Accountability Reminders weekly
group workshops

$1950

Group Workshop Series

For business owners who thrive in a group environment and find the input of their peers adds value. Get everything included in the DIY implementation as you work with your cohort over six weekly sessions.

Workshop Overview

  • Expert lead weekly sessions
  • Step-by-step process to successful outcome
  • Weekly Action Guide to simplify next steps

What you can expect:

  • Radically cut your workload and stress
  • Shift from hard earned income to equity income
  • Feel more secure
  • Reignite your passion
  • Enjoy all the benefits of Half Retirement
personal instruction

$4950

Private Implementation

For business owners who prefer the privacy and custom nature of one-on-one coaching. 12 weeks (one hour a week with deeper immersion) of private coaching on all aspects of the Half Retire experience. Everything in DIY plus individualized custom development and coaching with focused accountability. 

Here are some of the common psychological reasons business owners bail out…

They’re tired of the BS.

1They’re tired of the BS. This one is the closest to dumping a stock. If the stock is bad, dump it. If you are fed up, it’s time to rethink things. Your business produces income. It has a brand and equity. Separate the personal from the financial. Ask yourself, “If I could shed the BS , how would I feel?” Frankly, most business owners cannot even imagine the BS going away. Try. We have seen many business owners who work two half (no hyphen) days a week and have a viable business. If you could do that, would you feel the same way?

They’ve lost their passion.

2 I own a mining stock and I’m not that passionate about copper. There is an unspoken presumption here – the business can’t make money if you’re not passionate. That isn’t necessarily true. It may be true that the business may not grow without your passion. It also is probably true that the business will suffer without it. However, will the business continue to earn money without it?

They don’t have the energy they used to.

3 That makes two of us. Does the business need your “work” or does it need your guidance, expertise, and leadership? I’m inclined to think that your wisdom is worth more to the business than your toil. Imagine separating these two. If you could give your wisdom but not your toil, would you sell?

Your partner wants to spend more time with you.

4 This is a common concern for many business owners, and again, it’s predicated on the assumption that business ownership and the job of CEO are one. They are two independent functions, but most business owners combine them. We can own stock in Google without showing up for work. Why can’t we enjoy the benefits of ownership in our own company without the pressure of a job?

There is no one-size-fits-all solution for transitioning into retirement.

However, I do encourage you to explore every option before making this life-altering decision. I have seen many business owners find a way to keep their business income but shed the daily hassle of business ownership. Before selling, I encourage you to strongly consider this option as a viable way to maximize the enjoyment of your Golden Years.

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Half-Retirement is a completely different approach to both exit planning and creating a smoother-running business.

Instead of working to create only better systems, it takes a more holistic approach with the express goal of radically reducing the owner’s work time, and rethinks everything about the business from the ground up. As you can imagine, this requires some investment of time and attention on the owner’s part, but the results are more than worth it.

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About Our Half-Retire Workshop

The Other Way: Half-Retirement
We define Half-Retirement as working two half-days a week doing only the work you enjoy, offloading the work you don’t enjoy, and keeping your income in perpetuity. It takes some effort to get from where you are today to Half-Retired, but ask yourself, “If I could work only two half-days a week, would I sell the business?” If the answer is “no,” then consider Half-Retirement.

Are you qualified to Half-Retire?
Complete this Assessment to help you determine the likelihood you will be able to Half-Retire as well as point to the areas you need to focus on in order to most enjoy Half-Retirement.

When to Exit Your Business
Many business owners feel the only way to monetize their decades of hard work building their businesses is to sell them. For some, selling the business may be the best way to create wealth, but for others, selling an income-producing asset for less than it’s worth is a bad idea.

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My family is the most important thing in my life, but I felt like I was saying “no” to them often, so I decided to Half-Retire.

– Jerry G.,

Manufacturing

Running a 500-person firm means there’s always more work to do. I appreciate the mindset work I did with my Half-Retire Coach to help me find a way through the maze. I’m enjoying a renewed sense of work-life balance.

– Jonathan L.,

Commercial Bakery

After implementing the Half-Retire model, I have been able to work fewer hours while keeping things moving. I just got back from two solid weeks at our lake cabin and feel great.

– Jeri S.,

Marketing Firm

I Half-Retired for several years but decided to fully retire and sell my stores. I was able to quickly and easily sell my locations for more than the appraisal because the business ran well without me. Thanks, Half-Retire!

– Erika R.,

Retail Bridal Store
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20 Minutes with Tom

Have questions?
Let’s have a brief private conversation, so we can get to know one another. Schedule a 20 minute phone call directly on my calendar here.