If you’re a business owner, it’s inevitable that one day you'll want to say goodbye to your business for good, which could involve one of two scenarios: an exit (or sale) through natural succession in the normal lifecycle of a business, or one through forced circumstances.
The latter of these two exits can trigger distressing scenarios.
But here, we’re focusing on a better planned, more considered, exit strategy. One that has a much more satisfactory outcome.
It's called succession, and it requires some serious planning.
Succession planning is a step-bystep process that cannot be rushed. Richard Cuthbert, senior associate at business advisory Management Response Ltd, and a mentor with
