Friday, May 27, 2016
Succession planning is all about creating a business that can operate without its current owner. It will lead to an owners managed exit from his or her business in a way that suits personal needs and maximises the value of the business. However, succession planning is not just for those thinking of retiring or moving on to another venture. It is also about reducing business risk and it seems that businesses that have a succession plan experience superior growth and reduced failures.