29/05/2026
Following up on our post about the hurdles family businesses face, we need to talk about the alternative to just "hoping the kids take over."
A lot of business owners think succession planning is something you do in your final year of work. The truth is, if you want to get paid what your business is actually worth, you need to start preparing years in advance.
Whether you plan to sell to a competitor, hand it to your staff, or pass it down the family line, the goal is exactly the same: you need to make yourself redundant. If the business relies on you knowing all the clients and making every final call, itโs going to be very hard to sell in the current economy. Buyers want to buy a well-oiled machine, not a high-stress job.
Over the next few years, your focus should be on building systems that run without you and getting your financial records spotless.
Alan and the team at IAG specialise in helping owners build this exact roadmap. We help you move from being the centre of the business to being a true shareholder, so you can exit on your own terms when the time is right.