It’s easy to get bamboozled by the all the ‘to do’ items in succession planning. Which is why we’re here to help. Every succession plan starts with some basic questions, such as the ones below. You’ll find this page in a handy little workbook that Succeed has created to guide you, and your professional advisor, through the succession process. Start with these now and call us to get the book. By the way, it’s free.

How’s that for service?

What would happen if your personal circumstances changed and you wanted to exit your business?

What would happen to your business if you passed away suddenly?

Do you have a family member capable of taking over your business and would they actually want to run it. Have your prepared them for it?

Who in your management team could you buy out?

Would you consider outside investment to enable you to take a step back from the business to free up some of your time and capital?

If you were buying your business would you pay the price you expect to achieve if you sold the business now?