Many small and medium business owners lack succession plans. Often the owner has no family members active in the company, so no obvious successors are in line to take over. This article focuses on such owners; multi-generational transitions are a
Succession plans aren’t just for large businesses. Small businesses need succession planning as much as any ASX200 company. Regardless of your company’s industry or size, you need a succession plan if you want a successful outcome for all of your
For many small business owners, maintaining positive cash flow and a stable balance sheet can be an ongoing battle that consumes virtually all of their time. Even retirement often seems like a distant speck on the horizon, let alone plans to hand
