As the Businessman reaches retirement age, being the central person of the company, and many case being the face of the company, he needs to plan his retirement picture of the company in his absence. Following are the main strategic decisions in this direction:
Management outsourcing Services is a back office multinational company which decentralizes administrative, financial, accounting and marketing activities for entities of all types and sizes, through efficient Business Process Outsourcing (BPO). As the Businessman can spend lesser and lesser time as he grows older, he can outsource many management functions that he himself used to carry out to outside agencies.
Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available.
A businessman needs to write a will for the proper inheritance without any disputes in the subsequent generations. The will should elaborate distribution of of roles, designations, properties, shares, other business assets, minority ownership in other businesses, duties and responsibilities of heirs, any conditions for inheritance, formation of trust for charity, whether the business shall be dissolved or not, what will be given to the loyal long term employees, etc.
A businessman can sell his business in its prime and also in end of his own prime when the business is not facing any problem because of the age, abilities, time and participation of the retiring businessman. Once the trend is downward, evaluation of business falls drastically and also disproportionately. Hence, it is important to sell out the Asset at appropriate point of time if there is no future generation or internal leadership to run the business ahead.
Apohan understands the importance of appropriate decisions when a businessman grows older. Apohan assists the businessmen whose sons and daughters are somehow not able to run the business further in succession planning for sellout of the business. Apohan manages the transaction right from the problem identification phase, to the closure of deal with perfection.