Business Succession Planning

Have you thought about what your business will look like in another 10 years? Have you planned for growth and innovation? Of course you have.

Business owners are constantly looking forward to the next great accomplishment. One of the largest threats to the longevity of a business is the lack of a carefully formulated and detail-oriented succession plan.

Businesses must be prepared for natural occurrences. What happens if your key person suddenly passes? What if your business partner decides to retire early? Who is going to step in place when you are ready to retire? These questions and others need to be thought out and planned for.

As a second-generation business, Phocus Financial is properly equipped to help you with any transition you need as a business owner.