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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.