How can I establish a succession plan that ensures continuity in my business when I retire or die?

The following steps should be considered:

  • Choose a successor (family member, employee or business partner)
  • Have your business valued
  • Put an action plan in place (when you plan to leave and what your successors responsibilities will be)
  • Review your plan on a regular basis 

For more information, check out our full guide to mapping out a business succession plan on our blog.