Hiring Professional Management
This transition alternative suits owners who prefer to hire professional managers instead of running the business themselves. They may instead prefer to play an oversight role in the capacity of board member or shareholder.
- Providing you fully prepare (check out the pre-transition change program) for this transition alternative – i.e. choose professional managers carefully with the skill and will – you can benefit from a strong annuity stream (dividends) and simultaneously enjoy the good life that retirement provides.
- Performance-related bonuses may likely be required, eroding the dividends to shareholders.
- Achieving a genuine alignment between the (self) interests of professional managers and shareholders is a challenge.
Important Caveat – Choosing whether this transition alternative, or a mix of the other 7 alternatives on our website, is right for you really depends on your (and your shareholders) individual circumstances. This important decision requires careful analysis, before deciding which alternative strategy suits your circumstance the best. Smart transition decisions.