Money Matters on Joy TV interviews Surrey lawyer Elyssa Lockhart in a report on creating a successful exit plan.
Elyssa Lockhart, Partner, Fasken/Trust, Wills and Estates and Charities Department.
What are you hoping will come out of the show?
The first steps of a long journey . . . .Designing a successful exit strategy doesn’t mean you’re about to retire. It considers the ‘what ifs’ and can be an exercise worth doing to get a sense of direction, both for the business and the owners’ personal life. In the absence of an exit plan from an early stage, it might be too late to make the company exit-ready when the owners finally decide to transition. A good exit plan gives the business owner the time, strategies, and execution options to consider.