High Net Worth Report | Reward Yourself: This is What You’ve Worked for all Along
June 26, 2017
Many business owners and operators find that they are so absorbed in the everyday details of their business that they hardly have a moment to consider their enterprise as a whole. Planning is as crucial to the building of a business as it is to the job of handing it on — whether to family members or a third-party buyer.
To grow and protect the value of your private business, it's important to start planning for your succession long before you're even thinking of leaving the business: even in your late 40s and early 50s. A lack of proper planning is the main cause of failure on the part of a successor, or of diminished market value when a business is sold.
BDO's Business Transition Services professionals have the knowledge and experience to ensure that everything you have created will endure and flourish. In our experience, the sooner you start planning, the more leverage you will have. Through BDO Business Transition Services, we help owners and operators plan for the future, in terms of both business and personal goals of all individuals involved. Let us help you discover how.
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