Quote of the Day - Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.
Running Your Business Into RetirementYou've established your business, but now that you're approaching retirement, what do you do?
Sell your business? To your child? If you do, be aware that statistics show that businesses don't last in the third generation, but there are always exceptions.
But, family businesses have been doing well. So well, in fact, that there are businesses about family businesses.
So, you pick a successor and then what? Sit back and watch? Do you take back paper?
Well, there are a lot of questions, and not a lot of answers out there. Probably your best bet is to identify your successor and let him/her get financing from the bank. That way, the risk of failure is not yours.
That's just one of many considerations in selling a business. The larger question may be retire or consult? Do you have a non-compete agreement? Are you obligated to stay on with your old company to ease the transition to the new management?
Some are set to retire early, others work and work and work.
Whatever you do, plan ahead. Then go talk to your lawyer.
Touring and Masked BallsWe're here in Santiago de Compostela, learning about the bones of St. James, which many believe are buried right here in the Cathedral.
Wrote some postcards, and told my Mom that we stayed here and attended a Masked Ball. Tons of fun!
Postcards from SpainWhen you go places, you want to see the countryside. We took a tour of the region known as Galicia, and learned about Spanish Celts, and even got to see the inside gardens of Castle de Oca (our photo).
Almost ready to head home, but we're still enjoying the vacation.
Postcards and Pilgrimages from SantiagoHere's a post from WebTV, quite a bit like a postcard from afar. I cannot access any other pages, so I cant put in any links. Sorry about that. I am lucky, I guess, to just be able to get on the internet in Santiago de Compestela, Tomorrow, though, I will find an internet cafe, which should provide a better means of posting. It is difficult using a wireless keyboard and a television monitor. Not all of the keys work on the keyboard (like the apostrophe), and the TV screen is far from sharp.
Nonetheless, the view outside the room is spectacular. I am staying at the Rios Catholicos, a Parador hotel, right next to the Santiago cathedral. It is supposedly the oldest hotel in the world. Pretty cool to be able to use the internet from it, though. Saw the tomb of the apostle St. James, and did the last bit of the pilgrimage.
Bighorn Ram Debuts As Public Art ProjectRegular readers will know that I'm a supporter of the Bighorn Institute. Some may have even heard of The Path of the Bighorn, which is a Public Art Project out in the Coachella Valley.
Well, here's what the rams look like, and the Institute's Executive Director, Jim DeForge, speaking about one of the rams.
Snowmobiles in the Dead of SummerSome people are getting out of the way of Hurricane Frances, and some are trying to get a snowmobile ban out of the way.
Opposite extremes for weather, but problems both sets of people don't want. You've read about snowmobiles here about five times before.
Well, they're at it again. This time, it's Montana and Wyoming against the Justice Department, and the states claim that businesses (read taxes) didn't get a fair shake.
If the case is heard in the West, I'm guessing the ban will be a thing of the past.
Traveling In Spain With A Little RainThere's no shortage of things to do in Madrid at night. In fact, I would say that some things look better at night.
Spain has been in the throes of a decline in tourism for the second year in a row. From where I sit, though, I don't see it.
There are lots of places to go, people to see, and things to do (like watch the goings on in the Plaza del Sol). Yes if you looked at the pictures I took (links in the first paragraph), you can tell that it did rain here today and tonight for a bit, but it has mostly been with the Sol out. What, you say? Spain has had a dark cloud over it since the bombings in March?
Sure, there have been some bad things that have happened, but that's true of the US, too. So, we can't point fingers and then stay home.
My advice? Get out there and do a little exploring. You'll be glad you went looking.
Lighting Up In Spain No MoreMIPTC is coming to you live from Madrid, where we hope to see the Museum de Prado tomorrow. And being from California, I was glad to see this news: Spain's parliament is smoke-free.
Now, I haven't been invited into Parliament yet so I can enjoy the benefits of this smoking ban. Juan Carlos I hasn't extended an invitation to the Palace, where they don't smoke either, but it's good news.
Everyone else here, however, smokes. It's nice to see the government stop, but there is no truth to the rumor an EU smoking ban will start anytime soon.
Regular readers know I occasionally enjoy a cigar. So, the only way I can protect myself from the pervasive haze everywhere is to smoke 'em while you got 'em.