Keep it safe – Add value with a quality succession strategy
The emerging uncertainty in markets across the world is becoming difficult to ignore. Whether it is Chinese manufacturing data, European bail outs, commodities, currencies or corporate results, turbulence is the norm.
Set against a baby boomer, business owning generation, all trying to judge the timing of their exit perfectly, this uncertain environment is playing havoc with their plans for the future.
With the financial result from the sale of the business, playing an important contributory role in the planning of many would-be retirees, this uncertainty is most distracting.
It must however, be put aside in favour of a determined and focussed Business Succession Plan. A plan that engages family, staff and opportunity. A plan that fully explores how value may be added prior to exit. A plan that has fully explored ‘Ownership Thinking’ as an opportunity for employees to become the new owners, through a well thought out and delivered Employee Share Option Plan.
Quality businesses can absorb the impact of market shock. A quality succession strategy simply adds value.