I want to pass my business on to my children. How do I create a successful strategy to do that?

< 1 min read

A successful strategy, well-implemented, will preserve both the family relationships, and the business, so you’ll need:

A strategy focused on the family
A strategy focused on the business
A Succession Plan, which includes target retirement dates for the older generation, and adequate training for those who will follow
An Estate Plan

These are the four key points that will set up your business and your family for a successful transition, when implemented correctly.