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Commercial Advice Centre > Business Succession Planning > From Downturn to Upside: New Thinking on Business Succession

From Downturn to Upside: New Thinking on Business Succession

New Thinking on Business Succession

With economies worldwide still struggling through a recovery, business owners are understandably focused on survival and growth for today rather than their succession plans for the future. Whether the business is worth $1 million or $100 million, owners who are able to plan now for the inevitable succession of their business can find unconventional opportunities in these unconventional times.

At a time when many business owners are waiting until conditions improve before planning their next move, those who plan beyond the current economic climate may well create their own business succession and ownership planning opportunities. And with so many owners looking to sell in the near future as the baby boomer bulge retires, the opportunities created today could prove invaluable years down the road.

In this guide, you'll learn about:

  • The succession planning imperative
  • Opportunity: hire your future business buyer – today
  • Opportunity: buy before you sell
  • Top strategies for converting business assets to personal investments
  • Financing considerations
  • Maximizing sale value
  • Planning makes perfect
 
 

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