Published: 22 March 2017
Broking is a people business, with relationships with employees and customers key to a firm's success. Given this, ensuring these individuals are looked after when there are any changes to the ownership of the business is crucial to its future prosperity.
Having a succession plan in place that addresses these issues is essential, both to secure the optimum price but also to leave a long-lasting legacy.
This article focuses on why keeping clients and staff informed is an important part of any succession plan.
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