Many people see their business as their retirement plan, looking to the business to provide the capital and/or income to support the retirement ambition.
But have you considered how the business can operate without you? Are you key to the business, so much so that without you the business may contract, even die? If this is the case, then a succession plan needs to be developed in order to maximise the most important business valuation enhancer, that of underlying profit sustainability and hence goodwill.
We aim to assist you in identifying the business succession issues, and to working with you to eradicate same by the gradual dilution of your role to, ultimately, one of a Chairman with a hand on the tiller guiding the business towards continued growth and development whilst being capable of ultimately losing its greatest asset – you!