Why Successful Business Succession Starts Long Before You’re Ready - CEO North America

The succession in the company becomes a challenge for many small and medium-sized enterprises (SMEs). Almost every second SME is about to hand over, but has not yet found a successor. AUSTRIA. The current study on the provision of business services among Austrian small and medium-sized enterprises (SMEs) shows that 47 percent of the companies surveyed plan to hand over within the next ten years. However, 49 percent do not yet have a suitable suc…

Why successful business succession starts long before you’re ready - CEO North America

Gracefully exiting your business requires aligning personal financial goals with business strategy — before it’s time to leave. Knowing the seven succession options can help you get started. As a business owner, you’re likely too busy taking care of day-to-day operations and planning how to grow your company to spend a lot of time looking at possible exit strategies. As a result, you may find it hard to see how closely decisions about succession…

Smart succession planning starts years in advance

Planning to sell or retire in 5 years? Early succession planning ensures a smooth transition and maximizes business value. Here's how to start. The post Smart succession planning starts years in advance | Viewpoint appeared first on Rochester Business Journal.