How do you retire from a business you built from scratch? In 1989, after launching his career in electrical construction, Butch Schnulle and his brother opened their own electrical contracting company with a total of eight employees. Over the next 26 years, their business grew in size to more than 100 employees, and when Butch’s brother retired, he took over control of the company on his own.
As the business continued to grow, Butch and his wife Rose turned to a Guardian financial representative to help them organize their finances, work toward their financial goals, and get ready for retirement. In 2017, after 28 years in business, Butch and Rose consulted with their financial representative and made the decision to sell the company. This allowed them the financial freedom and confidence to enjoy their retirement.
When asked what advice he would give to young business owners, Butch says, “Hire a good financial representative as early as you can. Work toward becoming financially stable as early as possible, so that you have the flexibility to retire when you want.”
Butch and Rose are currently enjoying a retirement filled with travel, spending time with their family, and planning many more years together.