Plan for succession to protect your wealth

You have worked so hard over the years to grow your business so that it can sustain you and your family in future. What happens to the business when you retire or step down? Do you have the luxury of retiring if your children are not interested in the business? What happens next?

Every business is different and in Kenya, we see this very clearly. There are family businesses run by brothers, sisters, parents and other relatives and on the other hand, businesses that are essentially one-man shows. Each has its own challenges when it comes to succession planning but more importantly, each family member also is unique in what they want from the business in the future and what their plans are.