Valeria Alterman and Ariane Froidevaux delve into research on various retirement options for small business owners. They look into their custom model of retirement decision options for small business owners to separate from their business, all based on “the ‘proximity’ of the business to the individual once the decision has been made.” The four options (family succession, retirement from management while maintaining ownership, independent sale, and liquidation) are codependent with economic and natural consequences. Alterman and Froidevaux suggest that choosing the retirement option that is conducive to your situation has to be in tandem with your financial and psychosocial well-being. Also included in the article is a case study on Pierre, a co-owner of the Swiss bakery, and his journey to retiring as owner and manager. Click the link to learn more.
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