Succession planning is key for a seamless transition of a business –

Succession planning can be a deeply emotional endeavor. Whether you chose, trained, or never even met the person who will take over your business, handing over the keys is bound to elicit strong feelings.

When preparing for the seamless transition of a business, place emotions on the back burner and pave the way for both your short- and long-term goals to take center stage. The priority for some is to hand the business down to a relative or key employee. For others it may be to sell to the highest bidder. Some might want a fast sale so they can enjoy retirement as soon as possible. And then there are those whose priority is to secure a legacy in the community. Goals are as individual as the individuals who set them.