Facing retirement, but not sure of the next steps for business transition?
You’ve spent your life building your business. You wear your successes and life lessons on your sleeve with pride. Yet with each ticking of the clock, you realize that time is passing by and that you must prepare for a future where you take on a different role in regard to your company as you pass the reins to your successor.
Where to start? That’s the big question! The idea of trying to prepare to leave something that you’ve invested so much into is tough to wrap your mind around. Breaking it down into manageable steps can seem overwhelming.
The truth is there is that there is no cookie cutter answer. Every business must prepare for its founder(s) to move away from an active role and for new leadership to step in. But what this looks like for each company will be as unique as the products and services each offers.
In seeking the right exit strategy for you, there are many options to consider. Some are better suited to your company’s specific needs than others. Here you will find a list of four directions forward for your business on the road to a successful transition as you prepare for your retirement years. Read more at: http://www.gbhcpas.com/blog/4-valuable-strategies-for-business-succession-planning