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Has your business got a succession plan?

You won’t often hear a financial planning business owner complaining that they have too little to do. Between advising clients, keeping up with regulatory requirements, and running a business day to day, there aren’t many hours left in a week.

Long term tasks, such as succession planning, can easily drop to the bottom of the to-do list.

Sourced through Scoop.it from: www.apexinsights.anz.com

This check list article covers the basics. When you contact EGS for an initial free consultation, we’ll customize for you.

Why Every Small Business Owner Needs to Start Their Succession Planning Now

As business owners approach retirement age, it’s never too soon to outline a succession plan. But retirement is far from the only force pushing proprietors out of ownership. Unexpected life events can happen at any age, and a succession plan ensures the right people inherit the business, operations continue to run smoothly and owners are able to exit under fair circumstances.

Sourced through Scoop.it from: www.inc.com

New twist on advice that EGS pushes regularly. Enjoy this brief piece then call EGS for a custom courtesy consultation.

A Strategic Plan Should Also Include a Succession Plan

Developing a succession plan should be a part of your strategic plan. Successful succession is one of the most important goals for any business.

Sourced through Scoop.it from: www.portebrown.com

Sage advice. EGS won’t let you fail to plan. Call now.

2018 Insights on Wealth and Worth – Business Owners

The 2018 U.S. Trust Insights on Wealth and Worth survey examines the impact that people and relationships have on business ownership, from initial funding to exit planning….

Sourced through Scoop.it from: www.ustrust.com

The Succession Plan section (Figure 4, shown) provides deep insight worth your attention. EGS is ready and able to walk you through to build your custom plan.

“Failing to plan is planning to fail” – Put your succession plan and exit strategy in place today

As a business owner, you will spend years developing your business. From concept and your first ever business plan, through to applying for investment and forecasting your business takes on a life of its own. 

Sourced through Scoop.it from: www.allthingsbusiness.co.uk

Although this British firm likely won’t be able to directly assist with an exit strategy, their insight helps. EGS is your go-to for quick succession planning and an exit strategy.

Business Succession Plan | Wells Fargo

Whether you pass the business on to a family member, sell to an external buyer, or choose another exit strategy, thoughtful planning is essential to making your transition successful — not only for you and your successor, but also for the long-term health of your company. Even if you’re nowhere near retirement age or have no plans to leave your post, the time to establish a transition plan is now.

Sourced through Scoop.it from: wellsfargoworks.com

Short but powerful read for managers NOT thinking about succession. We hope you agree and decide to call EGS.

Now Is the Time to Think About Your Small-Business Succession Plan

Will you be leaving control of your company to family or your employees? Or will you just sell it to an interested party?

Sourced through Scoop.it from: www.entrepreneur.com

Quick read full of sage advice. After your 2-minute read, get ahold of EGS for a courtesy consultation to get your succession plan on roller skates.

The Business Owner’s Checklist Includes Exit Strategy

Regardless of when you eventually exit, it’s important to plan ahead so it can be done smoothly, with as little financial impact to the business as possible. Start thinking about succession management sooner rather than later – it’s a good opportunity to evaluate your business and identify its future leader.

Sourced through Scoop.it from: www.ceebeks.com

Take notes because they guys understand the future. They recommend planning ahead. EGS is your plan-ahead ally, and it starts with a courtesy consultation.

The sweet taste of succession planning | Virginia Business 

Planning the next steps for your company helps ensure stability for your brand and its stakeholders and can also provide a source of income for your family. By outlining next steps through succession planning, you can stay ahead of the competition and maintain the legacy of your family business.

Sourced through Scoop.it from: www.virginiabusiness.com

Written with the wine industry in mind, this succession planning argument rings true and provides incentive to get your exit plan up to snuff. Vintage stuff? You be the judge. Or contact EGS to get it right. We’ll toast together for 2018.

Exit Plan: How a succession plan can save your business (and protect your family)

At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business partner. Or you may want to sell the business to another person or company, and retire on the proceeds. Ideally, you will choose the timing and method of your exit from the business. However, the way life unfolds sometimes, business owners do not always have a choice in what happens, or when.

Sourced through Scoop.it from: www.ascentwa.com.au

Good advice and insight. Your best Next Step is to contact EGS for a powerful and free consultation.