Hardware Retailing

OCT 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://www.hardwareretailingarchive.com/i/1030469

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Page 71 of 102

October 2018 | HARDWARE RETAILING 67 10. Plan ahead. No matter what stage of your career you're in, it's never too early to start thinking about what the next generation of your business looks like. If you have a few years or more before it's time to seriously consider retirement, talk to your advisers, your business partners and your family to start putting into place an action plan for succession planning. Looking ahead to your own retirement and considering your options will also help you check off the other items in this list so you're well-prepared when the time comes. 9. Know how to spend free time. As highly anticipated as retirement is, if you don't plan to use your time wisely, there is the possibility you could end up repeating the catchphrase of kids two weeks into summer vacation: "I'm bored." If you're used to spending your days in the business, determine before you leave what your pastimes will be so you're not left wondering what to do next. Phone: 800.538.5069 Find a dealer near you: www.franmar.com/find-distributor Made in the USA • No NMP, No Methylene Chloride • Removes Multiple Layers of Coatings in ONE Application • Low Odor Formula • Non-Caustic & Biodegradable COMING THIS FALL No NMP! BLUE BEAR PAINT STRIPPER With Safenol ™

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