Are you ready to hand over your business to the next generation?
Submitted by AlisonHoy on
Entrepreneurs can be very confident about how to build up a business but then become surprisingly unsure about how to hand it over to the next generation.
This can lead to problems because there are several issues to consider. For example, will family members be able to take over…will you need to hand over to partners or work colleagues…will you need to sell to an outside company?
There are numerous options presenting different advantages and disadvantages depending on your circumstances.