Whether a business is ‘young’ or ‘mature’ in its life cycle, succession planning is an important process for shareholders, to ensure the long term sustainability of the entity.
Many successful businesses ignore succession planning, with founding shareholders having to ‘turn out the lights’ when they decide to retire or pursue other interests. In doing so, in many instances, shareholders deny themselves the value of considerable ‘goodwill’ built up in the business over years of operation.
This need not be the case.
Goodridge Strategic has extensive experience in developing succession plans which realise financial rewards for all shareholders – current and future.
"History is written backwards but lived forward..."