Succession planning: People business

passing-on-flame

Broking is a people business, with relationships with employees and customers key to a firm’s success. Given this, ensuring these individuals are looked after when there are any changes to the ownership of the business is crucial to its future prosperity.   Having a succession plan in place that addresses these issues is essential, both to secure the optimum price but also to leave a long-lasting legacy. “When you own a business, you need to have a succession plan in place almost from day one,”