One of the first questions any buyer of a business will ask is “How dependent is this business on its current owner for its success?” By creating a business that can operate successfully without its owner, you create a business that is even more attractive...
You don’t have to leave.?One benefit of succession planning is that an owner is working to build a business to succeed without his or her daily involvement. It’s based on what an owner wants to achieve. Perhaps you have a vision of leaving your business completely...
10. It's a process,?not a transaction.?Business succession or exit planning is about building a business that can succeed without its owner while preparing an owner to become independent — emotionally and financially — from the business. 9. You don't have to leave.?One benefit of succession planning...