Success and succession

It is a business owner’s prerogative to direct his/her business as seen fit to suit their aims. It is also a director’s duty to act in the interest of the business entity, not merely of their personal interest. There comes a point in a successful business’s life-cycle when the entity must be the focus. For example, when there is a substantial workforce or customer base dependent upon the business, the responsible business leader will be thinking not so much about continuiing to avoid expensive recruitment as ensuring business continuity and succession planning. How well equipped is your business?