Episode 9: The importance of succession planning
Episode 9 of the EOA Podcast focuses on the importance of succession planning in a business. It has been said that the next five years are critical for 120,000 businesses in relation to succession, with a significant proportion of family owned or small to medium-sized businesses not having succession plans despite founders or business owners retiring in the next five years. This episode raises awareness of the importance of succession planning and how employee ownership fits into the mix of different solutions. We hear from the MD of an employee-owned business and an EO consultant, before exploring the benefits of rooting businesses in communities with a charitable trust. To find out more about employee ownership or the EOA visit: www.employeeownership.co.uk