What Is Succession Planning?
#What’s next? Have you thought about the following types of questions:
Who’s going to take over the business? How’s the business going to continue in the future without the current ownership structure or the current people involved?
Often, business owners are busying doing what they do, year after year, that they don’t think about these sorts of things. All of a sudden when they want to stop, sell up, move on or do whatever they need to do, they are in a situation where they have not given this serious thought. This can lead to unnecessary stress and a race against the clock.
Hear what we say on how it could affect your plan to sell the business if you did not have a plan in place early enough.