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Are You Prepared to Leave the Business You Built?

Kathleen Richardson-Mauro and Jane M. Johnson April 2014 issue of Skin Inc. magazine
Are You Prepared to Leave the Business You Built?

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Most spa owners don’t realize they need to start planning years before they may become ready to sell or hand off their business. And although a lot of that planning is to ensure they’ll have the money to meet their lifestyle goals, there are other equally important considerations.

Small business owners tend to pour their lives into their companies, and it doesn’t take long before their identity is entirely defined by their job. In order to achieve a successful afterlife, spa owners need to start laying the groundwork early for their emotional separation.

Crucial planning steps

Small business owners of any age can take these steps to begin preparing mentally for their future.

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