Tip #5 – Get outside help with your business succession planning.

Lawyers, accountants, financial advisors – there are many professionals that can help you put together a successful succession plan. There are even companies that specialize in family business succession planning like Transition Point Business Advisors, who will facilitate the process of working through both family and succession plan issues. If you want to pass your family business along to the next generation, putting off business succession planning is the worst thing you can do. A good succession plan can ensure that you have the funds you need to retire and that the business you have built continues to thrive in the hands of the next generation.

For more information on Succession Planning at Transition Point Business Advisors, contact Rena Striegel at