Succession Planning
Too many business owners don’t believe they need a succession plan (exit strategy) today because they don’t plan on retiring for a long time. The issues with this are :
- Involuntary exit due to death, disability, trauma and critical illness
- Time to prepare for maximum value
It is essential for every business owner to have an exit strategy that outlines when and how they leave the business. Starting to develop a succession plan during the years before you plan to exit, allows you the time to fully consider every available option.
We aim to help your business with the following:
- plan your exit strategy now to add value to your business
- work out who are the likely people to purchase your business
- How businesses are valued by purchasers
- What influences how much they will pay for your business
- Maximising the value of the business when you exit.
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