Succession planning: Why slow and steady gets you the best results     

Buying early named key measure of successful succession planning

Julia Bahr
clock • 5 min read

Succession can be an anxious and emotional time, particularly for exiting or retiring business owners who may have mixed feelings about walking away, Julia Bahr writes...

The last thing people want is for the business to take a turn for the worse, Menzies partner Tom Woods says For most exiting shareholders, the overriding concern is to make sure that the business is left in the best possible order so it can continue to thrive and reward those involved in the future, he tells PA. Magenta Financial Planning managing director Gretchen Betts, who bought her firm from her former business partner Julie Lord, says successful succession planning starts with honest conversations about plans, desires, options for each party, financing choices, and what people w...

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