Not many founders think of retiring from businesses they founded. However, at some point, it is worthwhile to consider how you will retire from your own business. Other than old age, there are many things that could force a founder to exit or retire from their business. Some circumstances include physical relocation or pursuing other interests.
It is therefore important for every founder to have a sound retirement plan. Retirement planning does not just mean that someone has stopped working and has received a good retirement package, it involves much more. Owning your own business gives you the opportunity to be innovative in thinking through retirement and exit planning.
