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Succession: Summary for Success

Succession: Summary for Success

Planning is always the key to success in any endeavour and succession is no different. The well-planned transition of your business can benefit you financially while also providing you with peace of mind that your business will become your legacy.

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Succession: What are my options?

Succession: What are my options?

Business owners work for years to build up a business that they are proud only to come to the grim realization that they will be walking away from it all upon retirement. But transitioning the business doesn’t have to be a scary thing when you know what options are available. With appropriate planning, the transition of both management and ownership can happen over time, allowing the business to continue to evolve with a contribution from both the old and new owners.

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Succession Part IV: Where should I start?

Succession Part IV: Where should I start?

Succession Part IV: Where should I start?

Succession Part IV: Where should I start?
September 2, 2020

Succession Part III: When should I start planning?

Succession Part III: When should I start planning?
September 2, 2020

Succession Part II: Why bother planning?

Succession Part II: Why bother planning?
September 2, 2020

When you started your business, you had a vision, goals and dreams. As your business grew and changed, a strategy and plan evolved. Whether these plans were formal or highly informal, you had some sense of the direction you wanted your business to take. All too often, exiting your business doesn’t get that same attention. It can be easy to put off succession planning for a myriad of reasons; however it is important to create an adaptable plan and get everyone (family, partners, and key employees) on board. This will help to maintain the value of the business, maximize your retirement fund and protect your legacy.

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Succession Part I: Should you have a succession plan?

Succession Part I: Should you have a succession plan?
September 2, 2020

The simple answer is YES! Succession is a word that is often used, but what does it really mean? A complex and confusing topic, it lingers as the unspoken part of business planning, too large to tackle, genuinely the elephant in the room.

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Setting up your Business for SUCCESSion

Setting up your Business for SUCCESSion
September 2, 2020

As a business owner, you expect your business not only to support your family but to fund your retirement. Those who get the most out of their business upon retirement, are those who prepare a succession plan that is in line with their business’ strategy. This is always driven by the goals of the business owner and is revisited over time.

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Succession: Are you a budding entrepreneur or someone still growing his/her business?

Succession: Are you a budding entrepreneur or someone still growing his/her business?

Want to be your own boss? If you are a budding entrepreneur, already own a small business or are looking to purchase a business, this blog post is for you! Even at the earlier stages of your working life, it is important to think about future succession and plan accordingly. By planning up front, you access strategies of tax savings over the life of your business (not just upon retirement). You also benefit from flexibility built into your corporate structure and business goals in order to grow the business while reacting to changes in your needs or goals or in the business environment.

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Succession: When should I start planning? Time buys opportunity!

Succession: When should I start planning? Time buys opportunity!
December 18, 2015