When preparing your business for succession, your staff is a key area to consider.

When contemplating your practice succession, it is essential to consider your office plant and equipment.

One of the fastest ways to weaken a succession outcome is carrying excess debtors (30+ days). High-aged receivables can signal poor billing discipline, create cashflow pressure, increase bad debt risk, and ultimately reduce practice value and negotiating power.

Contemplating your practice succession and assessing your business's financial discipline is essential.

Contemplating your practice succession, it's essential to consider the potential risks in your business and how your successor views them.

When contemplating your practice succession; key person reliance is a risk that can considerably negatively impact your practice succession.