Whether you decide to retire, sell up or leave due to poor health, it’s important that you plan for that day.You are the inspiration and driving force behind your business. So what will happen to your business when you leave? Will you achieve the financial return for all those years of hard work?
A business succession plan outlines the options for selling and exiting your business, including situations where it’s being passed on to children or other family members. Most important of all, it will set out a strategy to help achieve the maximum value from the sale to fund your retirement or next business venture.
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