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Ways to help your successor for seamless transition
Introduce your successor to your business advisor, key suppliers, and customers to ensure it’s business as usual after the switch
Create a document of important business information, such as preferred suppliers, specific processes, hiring practices, and more
Outline key employees and how you develop your team
What’s next?
Now that you’ve transitioned your business, it’s time to think about what the future holds. There are lots of options to consider including:
Your retirement – now is the time to focus your energy on your lifestyle, family and health
Another business – you may uncover a new opportunity you couldn’t explore while you were running your business
Your legacy – you could donate to charities or your community