Succession planning is a strategy for identifying and developing future leaders at your company — at all levels.
Succession plans are used to address the inevitable changes that occur when employees resign, retire, are fired, get sick, or die. They make sure your business is prepared for all contingencies by identifying and training high-potential workers for advancement into key roles.
And this is even more important if you run a family businesses. After all, the preservation of wealth and family legacy is paramount to those who have dedicated their lives to ensuring the success of their business.
Succession is a lengthy process. It can generate feelings of great anxiety and insecurity for both the older and younger generations, so it is essential that it is well thought out and meticulously planned.
For experienced succession planning advice call Metropole Wealth Advisory now on
1300 20 30 30 to discover how we can help you – now and in the future.
Alternatively, submit your enquiry here and we will contact you.
Metropole Wealth Advisory Pty Ltd provides financial planning advice including Superannuation through a referral agreement with Metropole Financial Planning Pty Ltd a Corporate Authorised Representative of Infocus Securities Australia Pty ltd (ABN 47097797049) AFSL number 236523.