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Plan Now for a Smooth Succession.

Publication: Maintenance supplies
Publication Date: 01-SEP-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Plan Now for a Smooth Succession.(Feature)

Article Excerpt
Plan Now for a Smooth Succession

BY ANTHONY ALONGI

Succession planning isn't something that jan/san business owners should put off until they are ready to retire. It should be on their business plans every year to review and revise, if necessary.

Leaving your business is one of the most important financial and life decisions you will ever make. Unfortunately, most business owners don't plan far enough ahead for this epic event and may end up making poor decisions.

If you own a family business, deciding to retire isn't as easy as opting not to go to the office anymore. So how far ahead should you be thinking? Years ahead, in most cases! Without a succession plan, your business could fall into the hands of someone ill-fit to run it. Planning ahead will ensure you get exactly the outcome you desire.

What is a succession plan?

A succession plan is the process of planning your exit in writing, outlining options and...

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