The problem of milking a business for retirement

Sometimes a business built as a de facto superannuation plan develops its own imperatives, as when a single-herd goat farm grows into a multi-million dollar cheese retailer.

One of the pitfalls of family business is that an entrepreneur can sometimes start a business and work like a slave with the aim of it becoming his or her superannuation, but when it comes time to retire, the kids don’t want to sell it. No cash for mum and dad’s retirement, sorry about that.

An Adelaide Hills cheese business called Udder Delights is working on being an example of how to deal smoothly with that problem.

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