Bridging the gap between thinking and action
When you think about exiting your business, what do you see? Are you in your dream home? Conjuring up your next career? Watching the next generation take over?
You might be dreaming of your next chapter, but are you ready?
Succession planning is critical, but often overlooked. Our analysis shows that Canadian business owners understand what it takes to exit their businesses. Still, many aren’t ready to successfully move on.
There’s a clear gap between knowing what needs to be done and taking action.
For many, exiting their business is the biggest transaction of their lives, with financial and human implications. It’s a journey that takes years, not weeks or months. Rushing the process can put the value of your business at risk and make it harder to find the right buyer.
Here are four takeaways for successful transition planning:
Remember, succession is a marathon, not a sprint. By taking adequate time to plan, you can secure the future of your business, protect its value, and deliver a seamless transition for everyone involved.
Curious how your succession planning stacks up against other business owners? Take our free ExitSMART™ assessment today.
Learn more
To learn more about this report or transition planning, reach out to Kerry Smith, National Leader, Family Office Services, at [email protected].