Having a clear future strategy for your business and a clear understanding of the factors critical to success could influence your chosen method of exit and succession. Questions to consider include: Ø What opportunities are available to my business and what is the best way to take advantage of them? Ø What factors are critical to the future growth of my business? Ø Does my business have all the necessary managerial expertise required to be successful in the future? Ø Does my business have an appropriate capital structure and access to further funding to enable it to take advantage of the future opportunities? Answering these questions calls for a clear future strategic direction. If that requires significant changes to your current business model, the impact of these changes will influence your succession and exit planning. A Financial Health Assessment is an essential preliminary step that should be taken before strategic operational planning is commenced and is a service that SuccessionPlan™ provides. |