Succession Planning

After years of creating a successful business, it’s now time to either retire completely or slowly phase in your successor. After devoting a substantial portion of your life to your business, the last thing you want is for it to fail in your absence.

We’ve all seen it before where the next generation takes over and runs a business into the ground. It’s the last thing anyone wants and Accounting Solutions Ltd. can help.

Identifying the Correct Individual

Maybe your hand-picked successor isn’t the right person for the job. Having a neutral, third-party, set of eyes may be exactly what’s needed to ensure the continued success of the enterprise.

Coordinating the Future Vision of the Enterprise

What happens when your successor wants to take your company in a different direction? Maybe it’s a good thing. Maybe not. All change isn’t bad but this is the sort of thing that needs to be worked out ahead of time.

Maybe the direction your successor wants to take is something you’ve already tried that failed miserably? Working through this difficulty may be what’s needed to preserve your business.

Adjustments To Operations

Every Entrepreneur has different strengths and weaknesses. We all operate our businesses differently based upon those differences.

What worked for you may not work for your successor. Putting changes to operation in place prior to succession may make all of the difference in the world.

Getting Paid

Many transactions fail because the money side of the transaction is unachievable. In order for succession to work, it has to be a win, win for both sides.

You’ve worked hard and now it’s time to get paid. Let’s make sure that we’re doing a deal that doesn’t end up in a nasty lawsuit because it was doomed to fail from the start.

Succession planning can be a difficult and emotional process. Let’s work together to make sure that the journey is a success.

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