Succession Planning Webinar

It is never too early to start planning for your succession.
Succession planning involves, amongst other matters, being able to answer these questions:

• Have you appreciated how much of your wealth is tied up in your business?
• Do you know how much income you will need in retirement?
• Do you know if you are financially independent – your freedom point and why it is significant?
• Do you know the difference between a successful and a significant business?

On 9th November 2023 Andrew Watkin presented the answers to these questions. His aim was to give you are starting point for planning for your succession and to build a significant business.

Andrew sees too many business owners who have a view their business is worth more than the market is prepared to pay and are surprised when derisory offers are received, if at all. That is why so many advisers say the owner’s over estimation of value was the number one factor in failed transactions.

When business owners have identified their personal, personal financial and business goals, then they have a clear target. Once they have a target, it becomes easier to work towards it. The only way for this to happen is through planning.

To listen to the Succession Planning Webinar:

If after listening to this presentation, you would like a chat with Andrew, please send him an email awatkin@asyntcf.co.uk