| August 2014 | |
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Acquisition and Succession: Shift Your Focus from Retirement to Growth. |
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Your work may be more than just your livelihood – it's your life. The thought of eventual retirement or succession is simply an easy subject to avoid. In fact, a recent SEI survey shows only 17% of advisors have a formal, signed succession plan in place and just 45% have a business continuity plan1. Succession planning is not an end-game strategy for your business. If anything, it is about building a bigger, stronger business that one day can work for you. With a good plan, the right people, and enough time, every business can survive its founder’s retirement and many can even prosper. |
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