Money magazine Comments - Succession planning: leave your business in good hands Careful succession planning lets you leave on your terms and maximise your profits. Whether you sell, retire or quit, it's important you plan for that day. https://www.moneymag.com.au/feed/latest?story=141393316 Sat, 19 Nov 2016 05:10:10 +1100 Sat, 19 Nov 2016 05:10:10 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Succession planning: leave your business in good hands https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Juhani Tontti ()

Thanks, this is a good article, because it made me to think! Yes, what shall I do on the day, when I want to stop doing my business? Well, at least I must have a plan for exit! I think the best way is to sell and the best timing is to start that process, when the business is still flying high. But still, how to set the price and with what terms? All in cash or part depending on the future profits? In all cases the buyer must be professional, who understands how to run this. Only then can he understand the value.

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[…] it's reviewing the business planning and recruitment processes, along with its technology and marketing campaigns, a regular health […]

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