Pension Tips –
Business owners need more than a pension, define a succession plan for your business.
It’s not enough just to appoint a manager who can run it when you’re not there. You need a plan in case you can’t be there at all. You should specify and train an assistant manager who would take over your duties. You will also need a compensation plan or incentives, including possible future ownership, to retain these key people to ensure that they work at their best when you’re not around.