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Succession planning for your business

Three out of four Welsh Small to Medium Sized Enterprises (SMEs) business owners has not planned for the full transfer or closure of their businesses. 

Many business owners assume that selling their business to an external buyer or closing their business is the only choice available to them when they want to retire or leave their business, but there are a number of options available including employee ownership.

A new report published by Social Business Wales, Rooted and Resilient: The case for employee ownership in the Welsh private sector, calls for consideration of employee ownership as a viable approach for owners looking to plan their exit strategy. Employee ownership can safeguard both the business owner’s retirement and the employees’ futures.

For further information please visit the Social Business Wales website

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