What happens to your business when you retire?

Having a break away from work over the Christmas period may give you the rare opportunity to think about your retirement plan and the future of your business.

If you have never stopped to think about what happens next, be assured that you are not alone - there is no reason for concern. 

‘Only half of owner managers have a clear financial plan in place for their retirement’ Business link South East Research 2007

It is quite usual for the demands of a growing business to consume most of your time and energy, and for whatever free time is left to you to be committed to your private life.  We see many companies where the owner has had little chance to think about how they will disengage themselves from the business when the time comes – in such a way that both can go their separate ways – which is all that is meant by the term “exit strategy”. 

Why do I need an exit strategy?