Ok guys, hard facts time… You cannot count on selling your gym as your only retirement plan. That’s just not how it works in this industry, unfortunately. The truth, at best, with great systems and resources, I have seen gyms sell for just a little more than their annual revenue. Typically, however, a gym would normally just be purchased for its assets. …
Cash Out Without Selling Out The Human Dimensions of Exiting a Business Provided By: Jake Rust, Northwestern Mutual Of all the things an entrepreneur thinks about, exiting the business isn’t usually top of the list. Yet without a formal succession or transition plan, a closely held business risks not only its longevity, but also its bottom line. That’s because a lot can happen along the…
Want to Build a Sound Retirement Plan? Start With These Three Essential Steps Provided By: Jake Rust, Northwestern Mutual Like most people, you may find it difficult to predict what you’ll be doing a year from now, let alone in one or more decades. Yet the ability to project into the future may be crucial to making long-term financial goals more achievable, according to a…
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