Business Legacy Less Important Than Comfortable Re

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640 - Business Legacy Less Important Than Comfortable Retirement, Say Business Owners

Business Legacy Less Important Than Comfortable Retirement, Say Business Owners

by: News Canada

Half of Canadian entrepreneurs worry about retirement and succession planning, finds study
(NC)-About half of Canadian owner-managers say they're concerned about retirement and succession planning, according to a recent study by Grant Thornton LLP. These business leaders say they're most focused on providing adequate financial resources for their retirement. Securing their 'legacy' as business owners in the community is less of a worry, they say. Other retirement priorities for entrepreneurs:

Ensuring a smooth business transition
Identifying a suitable successor
Finding the time to develop a succession plan

For more information, read Succeeding at Succession, a management issues paper available on-line at www.GrantThornton.ca/resources. Grant Thornton LLP is a leading Canadian firm of chartered accountants and management consultants with offices across Canada.

About The Author

News Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas for Television, Print, Radio, and the Web.
News Canada is a niche service in public relations, offering access to print, radio, television, and now the Internet media, with ready-to-use, editorial 'fill' items. Monitoring and analysis are two more of our primary services. The service supplies access to the national media for marketers in the private, the public, and the not-for-profit sectors. Your corporate and product news, consumer tips and information are packaged in a variety of ready-to-use formats and are made available to every Canadian media organization including weekly and daily newspapers, cable and commercial television stations, radio stations, as well as the Web sites Canadians visit most often. Visit News Canada and learn more about the NC services.

This article was posted on September 28, 2002

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