Roughly 70% of businesses do not transition from the 1st to 2nd generation owners, and almost 90% of businesses never successfully transfer to the 3rd generation.
A good succession plan clearly addresses the people and the money involved. This planning is vital if your retirement income is dependent on the business.
No matter what you decide to do with your business, it's best to start planning for it today.
Whether you have a succession plan that needs to be updated, or are seeking to create one for the first time, we can help. Contact us to discuss your options and setup a consultation today.