Small Firms: Successful succession will help your firm succeed

Proper planning of the succession process can ensure that your company thrives for the next generation, writes Avine McNally.

4th December, 2011
Small Firms: Successful succession will help your firm succeed
Avine McNally, assistant director of the Small Firms Association.

While many people have set up and run their business for years, few have mastered the art of knowing when the time is right to sell the business or indeed to ensure that it can survive in the absence of the original founding owner.

Without succession planning, a business that has become successful can just as easily fail. The passing of the baton from one generation to the next is often clouded by the family...

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