Succession And Your Second Mountain

摘要

The act of passing your business to the nextgeneration is difficult for several reasons. Succession requires actively seeking what will be necessary for future success, while simultaneously acting in ways that reduce your own daily business responsibilities. Another reason is that your identity, or who you are, tends to be wrapped up in your role, or what you do, and during succession, your role—and thus your psyche—is undergoing significant change. Finally, all of this is happening while you are trying to determine your ongoing sources of income and the tax effects of transitioning ownership. Indeed, business successioncan be uncertain, emotionally difficult and financially complex.