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Succession Planning

Articles and advice on effective succession planning in business, the strategic process that involves identifying and preparing individuals within an organisation to take on key leadership roles when current leaders retire, resign, or otherwise leave their positions.

Business management

Pros and cons of employee ownership trusts (EOTs)

In this article, we explain what an employee ownership trust is along with the pros and cons of moving to this model

Small Business Insurance

What happens when a small business owner dies?

The sudden death or critical illness of a founder can have unwelcome consequences for a small business. Your SME could pass into the hand’s of an unwelcome family member or even be sold to a rival. Shareholder Protection Insurance allows you to plan your succession as you want.

Legal advice

Writing a will: what business owners need to know about dividing assets

Alex Sealy, a wills and probate lawyer at Slater Heelis, discusses why it’s important for small business owners to think carefully about dividing their assets in their will.

Advice

How to create a succession planning strategy for your family business

Peter Jenner explains how owners of family businesses can create a robust succession planning strategy.

Business management

Breaking the family circle – taking a fresh look at succession planning

In this piece, Simon Walton, partner and head of consumer practice at Berwick Partners, discusses why early action and contingency planning is essential in preparation for new business leadership.

News

Three in five SMEs admit to having no succession plan

Majority of UK small and medium-sized enterprises (SMEs) admit to having no clear plan in place to ensure their business does not suffer when a key employee leaves.

News

Many SMEs would go under if founder left, study suggests

Nearly half of SMEs in the UK believe their businesses would close in under 12 months if their founder were to suddenly leave the business.

News

Succession planning not a priority for small businesses

Small businesses owners are jeopardising the survival of their companies by failing to plan their own exit strategy.

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