A succession plan to give more free time

This client has a well-run business which the owners are scaling up and reorganising, so they can take less of an active role in it. Over a period of 6 months I helped to establish profit centres within it, with budget holders. We began holding formal board meetings which I initially chaired, but when my client smiled and said, With the accounts set out like this, it’s easy to ask questions, I knew I was on the right track. Next year we will be looking to set some stretched targets, based upon the information we now have which will enable the business to grow, with the owner having confidence they know what is going on from the figures, without having to spend all their time working in the business.