Most of us aren’t thinking about what’s happening next week, let alone 10 years down the road in day-to-day business operations. But it’s very important to understand how decisions today could impact the future value of your business. This article will break down everything you need to know about what you should focus on to increase your valuation and why it matters to start thinking about your succession planning strategy right now.

In this piece I contributed to, I discuss successful succession planning strategies include training and upskilling programs over time as well as specific takeover plans.