Retirement marks a major change for any business owner. While the decision to step away is personal, the way you handle your company’s assets can have a lasting financial and emotional impact. Too often, owners miss out on the true value of what they’ve built because of avoidable mistakes.
Here are five of the most common pitfalls – and how to make sure you don’t fall into them.
1. Holding on for too long
Many owners delay selling equipment, hoping they might use it again or that values will rise. In reality, unused assets lose value every year. Acting sooner protects you from unnecessary depreciation.
2. Underestimating what assets are worth
From specialist machinery to vehicles and other industrial equipment, assets often carry more resale value than expected. At BPI, we regularly see items sell for far more than owners anticipated, simply because they were marketed to the right audience. Taking professional advice ensures you don’t overlook value.
3. Relying on private sales alone
Selling to contacts, dealers or through classified listings may seem convenient, but it usually limits your buyer pool and reduces competition. Auctions create a transparent, competitive environment that drives stronger results. With BPI’s marketing reach, your assets are promoted to thousands of active buyers, maximising visibility.
4. Leaving the process too late
Retirement planning isn’t just about pensions and savings. Building an asset disposal plan early gives you control, avoids rushed decisions, and ensures you get the best outcome.
5. Overlooking the bigger picture
Disposing of assets isn’t just a financial step – it’s also about peace of mind. A clear, structured sale means you can close the door on your business confidently, knowing equipment has gone to those who need it.
By avoiding these mistakes, you give yourself the best chance of a smooth, stress-free exit. With the right guidance, your assets can continue to work for you long after your working days are done.
If retirement is on the horizon, now is the time to explore your options. BPI can help you plan the process, maximise returns, and step away from your business with confidence.
