Who will run the business once the owner manager has gone?
In many companies at the smaller end of the market, the owner manager’s departure as a shareholder leaves the company without adequate management. To get round this, it may be possible to identify one or more people from the existing workforce who, with a bit of guidance over a period of a few years, may be able to work alongside the owner manager and be in a position to take over in full once the owner manager has gone. In other circumstances, where this is not practical, someone from outside will need to be brought in, to work alongside the owner manager for a while prior to taking over completely.
