For business owners, succession planning should be a vital part of their strategy – even if the eventual exit from the enterprise is years or decades away.
However, a recent poll found that only 42 per cent of small business owners are uncertain about their retirement and almost half – 48 per cent don’t seek financial advice.
Use these six tips to evaluate if you’re paving a road for success or if you need to clear some bumps along the way.
P.S. Download our complete Business Succession Planning 101 E-book to understand what you should you know before you sell or wind down your business.
Speak to your advisor or contact one of our advisors to see how we can help.
Investment Planning Counsel