This week Raghav has a lineup of great material for entrepreneurs. If you plan to sell your business for retirement (or haven’t planned much for retirement at all), you will likely find the articles below useful. Other topics addressed this week include getting comfortable with failure, working through the difficulties of investing and how to work better in your family business.

For more articles like this, check out Raghav’s two previous Top Reads articles here and here.

5 Ways Small Business Owners Can Start Preparing for Retirement

Most entrepreneurs devote much of their time to running their business, and very little to planning for retirement. A recent survey conducted by Manta found that one-third of small business owners don’t have retirement plans at all. In light of these survey results, Paula Fernandes has created a list of five tips that business owners can use now to help them achieve financial security during retirement.

Read the full article here.

Entrepreneurs: Planning to Sell Your Business to Fund Retirement?

If you’re among the 78% of small business owners planning to sell your business to fund your retirement, Michael Carter has advice that may resonate with you. While Carter acknowledges that most entrepreneurs are focused on generating revenue he says it’s important to find even a small amount of time to plan for retirement. This will ensure that your future remains a priority.

Read the full article here.

Familiar Hard vs. Unfamiliar Hard

There are times in life when we do things that are new and unfamiliar – like running a marathon, for example. Leading up to the date of a first marathon, we experience anticipation about how we will feel during the event, thoughts about the pain that we may endure and fears about how we’ll perform. Since completing a marathon is unfamiliar, it seems even more difficult (or what James Osborne calls an “unfamiliar hard”). A “familiar hard” is something that we know is hard, but we can anticipate how we will feel because it’s something we’ve done before. These experiences are much like in investing – we usually think of it as a familiar hard, but in many cases it’s actually an unfamiliar hard:

The first time in your adult life the market drops over 25%, it’s an unfamiliar hard. The first time it drops 25% when you have real money in the markets, when the dollar value of the fall is a significant portion (or multiple) of your annual budget, that’s an unfamiliar hard.

Learn how to overcome these “unfamiliar hards” here.

5 Tips for Navigating Business Partnerships with Family Members and Spouses

You’ve likely heard the expression, being in business together is like a marriage – and for many entrepreneurs, this is true. Nic Cober, managing partner of Cober Johnson & Romney is in business with her husband. She discusses the aspects of her personal relationship that she believes strengthen their business partnership. Cober also shares five tips she has learned from her own experiences as well as from conversations with other family-run businesses to help you work better in yours.

Read the full article here.

How to Develop a Positive Relationship with Failure

Most businesses start with a great idea formulated by an entrepreneur. While these ideas can create successful businesses, sometimes they fail. This is difficult to accept and can cause feelings that resemble grief. Lena Requist shares three ways to develop a positive relationship with failure so we can learn from our failures and move forward from them.

If at first you don’t succeed, figure out why before you try, try again.

Read the full article here.


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