Business Legacy Less Important Than Comfortable Retirement, Say Business Owners
Half of Canadian entrepreneurs worry about retirement and succession planning, finds study
(NC)-About half of Canadian owner-managers say they´re concerned about retirement and succession planning, according to a recent study by Grant Thornton LLP. These business leaders say they´re most focused on providing adequate financial resources for their retirement. Securing their "legacy" as business owners in the community is less of a worry, they say. Other retirement priorities for entrepreneurs:
- Ensuring a smooth business transition
- Identifying a suitable successor
- Finding the time to develop a succession plan
For more information, read Succeeding at Succession, a management issues paper available on-line at www.GrantThornton.ca/resources. Grant Thornton LLP is a leading Canadian firm of chartered accountants and management consultants with offices across Canada.
