Young businessman standing over a young businesswoman sleeping on a couch --- Image by © Royalty-Free/Corbis

Timing your succession

Transition timeframes and expectations Generational succession is often a process rather than an event, achieved over an extended period of time.  This is quite different to a sale of business where the owner’s active involvement in the business generally ceases shortly after sale. The extended timeframe for the transition requires active management to ensure that there are…