For most entrepreneurs, the business you have created has been the thing that has consumed most of your energy, ideas and being for as long as you can remember. It is also the creation that has built your wealth (and corresponding lifestyle) to date. It would therefore be a real shame if that business were not to continue in existence after your working life has finished. Surely you would prefer to leave the footprint of your successful business by ensuring a proper succession plan, be it to a member of family, management or some other party. And you get the chance to realise the capital value in your business as part of your retirement plan.
Issued by Meredith Harington 26 Jun 2014 15:52