Businesses are more likely to survive if owners plan ahead. This real-life story explains why.
Whether it’s a lack of sufficient retirement funds or simply enjoying their jobs, more Canadians are staying in the workforce after age 65.
Succession planning seems to be last on everyone’s list – including advisors themselves.
Those words strike fear in a business-owner client. Explain you’re there to help.
Help them weather the economy and put succession plans in place.
A dairy farm owner wanted to hand the operation to his son. But the two argued often, and dad wondered if they shared the same goals.
Succession planning is essential to a business’s survival. Once your client’s ready to talk about letting go, help him identify his successor. This allows an aging owner to retire on short notice; for instance, if a sudden health issue arises.
The recession prompted many Boomer entrepreneurs to delay retirement, with most holding onto their businesses until they regain pre-downturn values.
Most exes haven't identified a successor, says a new survey. Here are 3 tips on how to choose.
The average age of a financial advisor in Canada is around 56. Yet most advisors don't have a succession plan.