Think Beyond the Exit Instead of beginning your succession conversation with: “How do I get out of my business?” Consider starting with a different question: “What do I want my business to make possible for me?” That change in perspective can open up a very different conversation. Because ultimately, succession isn’t simply about leaving something […]

A Succession Plan Should Get You Somewhere A beautifully prepared plan sitting in a folder will never create a successful succession. At some point, decisions have to become actions. That may mean taking a variety of steps, such as: Strengthening parts of the business Developing people’s capabilities Adding to your professional adviser team Legally preparing

Is Your Business Ready for Succession? There is another side of succession planning that can easily be overlooked. You may be personally ready for a change, but is your business ready? A business that depends heavily on its owner can be difficult to sell or transition to others. The same can be true if key

Your Business Succession Plan Is More Than an Exit Plan When business owners hear the words succession planning, the conversation often turns quickly to one question: How am I going to exit my business? It’s an important question, but it is too narrow. Succession isn’t simply about finding a way out. It is about deciding