After years of being the boss, it's finally time to retire.
Unwinding yourself from a business you've spent decades building isn't easy. After all, you want to protect your company while also ensuring you have enough to live on during retirement, which can make the process emotionally and financially complicated.
"Force yourself to define your objectives," said Douglas McCormick, author of new book "Family Inc."
McCormick, who is also the co-founder of HCI EquityPartners, a private equity firm, added, "Value is important, but also think about legacy, employment opportunities for current employees and making sure the product or service that you've created perpetuates in a positive way."