A guide exploring the do's and don't in succession planning.
Exit routes and succession planning
Whether you’re thinking of selling or downsizing your practice, developing successors, or retiring, it is important to consider the options available to you.
You may be considering passing on a family-owned business, selling your business to boost your retirement income or identifying a successor, making sure you have the right exit strategy is essential to the future of the business.
An overview of succession planning and why it is essentital for any practice to have a well thought out succession plan to cover multiple scenarios.
Successful practice succession can be a real challenge. You may need to fund the retirement of older partners while keeping the practice an attractive proposition for new ones.
Advice to help make your practice more saleable and identify areas that potential buyers will want to explore.