Succession Planning

Pages tagged Succession Planning ...

What will happen to your business once you retire?

Wilson Lee on 2018-06-04 When you have been the driving force in your own business, it’s hard to imagine taking your hands off the wheel, let alone getting out of the thing altogether. But that’s what must happen when you retire – so how does this journey continue without you? It’s crucial to be prepared and get your thoughts in order Read More...

Planning for Succession

Alastair Inskip on 2016-10-11 Whether you own a business or are the key person in that business, at some point you will either retire or an unexpected event may prevent you from performing your duties. It’s vital to be prepared for when that day happens. Having aided the improvement, growth and succession of businesses for over 25 years, we Read More...

Employee Ownership – A 21st Century Exit Strategy

Wilson Lee on 2016-03-03 After years of blood, sweat and tears building up your business, it’s no wonder that the issue of what happens after you leave is a tough one to figure out. While you may be ready to retire or withdraw so you can enjoy the fruits of your labour, the question of who will succeed you Read More...

Sale of a Snooker Club

Wilson Lee on 2015-12-09 A Snooker club owner wished to retire because of his increasing ill health. He had tried to use others to help sell the business but with no success and considerable expense. His solicitor introduced him to WLP. We worked with him to see a sale through to completion. We obtained heads of agreement, enabled the Read More...

Succession Planning Protects Future for Ironmongers

Wilson Lee on 2015-12-09 The client are a successful third generation retailer, specialising in ironmongery, hardware, homeware and china. They had identified the need to have in place all the necessary legal documentation to protect its owners, management and the future of the current business. Our consultant reviewed the business, with particular emphasis on the structure and capabilities of Read More...

The Transition from Management to Ownership

Alastair Inskip on 2015-12-01 Changes at the top of any company can have seismic implications – not least for those striving to be part of the business succession plan. If you are a senior manager this is your opportunity to discover if there is a place for you to move up to become an owner of the company. However, Read More...

Marketing and HR policies build a business

Wilson Lee on 2012-09-13 When Steve and Sandra Dawson bought Galaxy Travel, a network of travel agency branches, in the early 1990s, their objective was to build a company which would secure their future. Steve signed up for the WLP Business Growth Club to improve his skills and worked with WLP’s Don Pearson on business planning and strategy. The Read More...