Succession Planning – how will you exit your business?
Monday, October 25, 2010 7:17Posted in category Business Discussion
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You probably love your business and have worked so hard to build it, but you can’t do it forever.
- Have you planned how you will exit?
- If so, what considerations must be made?
- Have you researched the financial, legal, tax, HR etc implications of your strategy?
- How far out do you need to implement the exit strategies?
- Will it be a gradual process?
- Do you have a contingency plan should your “Plan A” fall over?
Whether you are just starting out in your own business or looking towards retirement in a few years, succession planning is of
paramount importance in any business.
Stephen Covey’s Habit #2: Begin with the end in mind
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