Graceful exits: The right way to leave your business - Andrea Coombes' Working Retirement - MarketWatch

As much as planning for retirement can be a complex and confusing process for working Americans, it’s a whole other ballgame for those who are small-business owners. 

Not only do they have to manage their company’s day-to-day operations, develop and meet their sales and business goals, and provide for their employees, they also have to figure out what will happen to their business when they’re ready to move on.

It’s no mean feat to develop a business exit strategy while in the midst of running that business, but it’s a key piece of any small-business owner’s financial plan, according to a group of experts who spoke as part of a recent MarketWatch panel discussion on financial strategies for small businesses. The discussion, which took place at MarketWatch’s San Francisco office, was moderated by Robert Powell, editor of MarketWatch’s Retirement Weekly.

“When people are starting their businesses, there’s not much at risk,” said Richard Stone, a certified financial planner and chairman of Private Ocean Wealth Management in San Rafael, Calif.

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