Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and
maximising its capital value for you, the owners.
When it comes to generational succession of a family business, there are a few important aspects:
For generational succession to succeed, even if that succession is the sale of the business and the management of the sale proceeds for the
benefit of the family, communication is essential. Where generational succession fails, it is often because succession has not been
formalised until a catalyst event or retirement planning requires it.
Generational succession comes with its own set of issues that need to be dealt with:
Successfully managing generational change is a process we can help you navigate. Talk to us about how we can help to structure an effective transition path.
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