Succession planning management: People business

Broking is a people business, with relationships with employees and customers key to a firm's success. Given this, ensuring these individuals are looked after when there are any changes to the ownership of the business is crucial to its future prosperity.

Having a succession plan in place that addresses these issues is essential, both to secure the optimum price but also to leave a long-lasting legacy.

This article focuses on why keeping clients and staff informed is an important part of any succession plan.