Do Business Well

Retirement is a joy to some and a misery to others. The reaction for the latter group can be so extreme that retirement can almost be seen as a death sentence. Without getting too moribund, let me say that retirement is a concern which all too often is put on the shelf until the retirement period arrives. If not sufficient forethought has been given to this important period of one’s life, the retired individual can sit perplexed and despondent, wondering how to occupy each day.

The ideal preparation for retirement is performed during the working years when the vigour is there to establish hobbies and interests and make productive plans. Continue Reading »

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There comes a time in the business cycle when survival is no longer the issue. Some of the signs will be: consistent monthly profits, three months or more of cash reserves, excellent banking and other credit relations, and an owner’s income at least equal to what could be made for similar work if employed by someone else.

More than likely this will take place between the third and fifth year. While this would seem to be the perfect time to break out the bubbly and celebrate, it may actually prove to be a time of great stress. This is because a number of new challenges will emerge. Continue Reading »

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