Time only moves forward, have you planned for the inevitable?
In most cultures, it is taboo to talk about misfortune. Unfortunately, misfortune can take the form of many things. Some misfortunes such as disability, may be down to bad luck. One particular misfortune is inevitable, death.
So the question is: If there were something that would happen to me tomorrow, how would everybody cope?
Why everybody? It is not only your business that needs to cope with your incapacity but also your family and those whom depend on you for support. This is what succession planning is all about.
We can help you put into place various contingency plans in which there would be a clear action plan of what would happen if misfortune ever struck. These could include selling the business as a going concern, management and ownership buy outs by your business partners (including agreed funding arrangements) or agreed changes in management control (but not ownership).
Would you like to put into place a succession plan? We can help. Please contact us now for a free first consultation so we can get to know your business and advise you further.