It is essential for business owners to have a succession plan in place which is realistic and achievable. After having grown their business over the years, many business owners expect the sale of their business to provide the funds for their retirement. Planning for retirement requires diligence in order to attract the highest possible value for your business. You want to make sure the business is in good hands because you value the relationships and reputation you have built. A Succession Plan will help you identify the right successor so the longevity of your business is safe. There are various options available ranging from passing the business on to family members, staff buyouts and third party sales. It is important to communicate your plans to your staff to keep them motivated.
We will help you identify the right way for you that also helps your staff through the transition period and leaves you with the highest reward possible.