What does “I want to retire” mean for a family business owner?
For some it means the traditional view of stopping work entirely, but it is not always that clear cut. For others, retirement might be better defined as ‘stepping back a bit but keeping in touch with the business and always being available if needed.”
If you are involved in either planning for retirement or helping someone else to do so, you might find the following discussion involving with Mr/s Jones to be helpful. Mr/s Jones of course does not exist, but you might recognise him or her.
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