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Business Succession
We talk a lot about business success, but what about business succession?
One aspect that repeatedly comes up in our work with clients is the aspect of business succession. Most of our clients look forward to the day when they can let the business look after itself, whether that means they sell it to someone else and walk away with the nest egg, or they just hand over responsibility for running it to someone else, confident in the knowledge that the business is in good hands and their income and nest egg is secure.
If you are just getting started with your business you may have not put much thought into how you will finish. Perhaps you have been in the business for some time and still haven't thought much about how you will leave your business. In fact, statistics show that very few people put sufficient time into planning their exit from business. This is despite the fact that everyone will exit their business at some time.
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