1 minute read
Succession!!
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Choice Stores Locations
NAVAN:
Navan Town Centre & Blackwater Retail Park
KELLS: Bective Street
TRIM: Market Street
ASHBOURNE:
Unit 8/9 Ashbourne Retail Park, Ballybin Road.
Wow, for anyone who has been following the hit show, it’s been one hell of a ride! I was watching it from early-on and couldn’t wait for the next hiteachweek.
Theshowisbasedonthe Royfamilyandhowthefather, Logan, is going to choose a successor for his multi-billion empire (a problem many of us have…right!), while their family dynamic is very messy and seriously damaged, I thought it was amazing to observe how these characters were full of entitlement, mistrust and love at the same time, familieseh!
I won’t give too many spoilers away but while Logan Roy ultimately loved his children, he could see that they were ‘not serious people’ which led, in part, to them losing controlofthecompany.
If we learned anything from the amazing, manipulative Logan Roy character, it is that you can never start too early to line up yoursuccessor,andgotme thinking about when business Owners really think about succession planning.
So many business leaders are obviously concentrating on the NOW, and how to progress the business, it can perhaps be hard to address futureproofingthebusiness.
In a capitalist society, of course we strive for profit, profit means progress, growth, for everyone involved, however, if the right successor is not in place, it will be detrimental to the business. I think it’s important to make plans for what legacy you wanttoleavebehind.
One of the services we hereatMarshMackeyprovide is, succession planning, so if you’re thinking about it, and want to chat to professionals, both in terms of recruitment, and tax/finance, give us a call and we’ll help you to formulate a plan; to, ‘avoid a S**t show’, as Logan would say!
