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How to make succession part of your business model [cheat sheet]

WRITTEN BYJames Price | JPAbusiness

Business team

It’s never too early to start thinking about your succession strategy and developing the skills of your team and business capability.

Succession planning is about creating a sustainable business that will continue to operate successfully into the future, whether you stay in the business or not.

The following cheat sheet contains 6 succession strategies you can start employing today.

Adopting these strategies will help future proof your business for when and if you decide to take up an exit opportunity, or relinquish operational involvement in your business.

How to make succession part of your business model 

If you would like support to develop a succession strategy for your business, contact the experienced business advisory team at JPAbusiness on 02 6360 0360 for a confidential initial discussion.

 

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About James Price | JPAbusiness James Price has over 30 years’ experience in providing strategic, commercial and financial advice to Australian and international business clients. James’ blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.