Having three partners of different ages, and life stages, causes difficulty but we found the whole Business Life Plan experience immensely helpful as it allowed us to understand what everyone wants out of the business and then create a plan, agreed by all, for where we want the business to be. That has included transition programs which are ready should any partners wish to retire or new partners buy into the business.
There were also issues highlighted that we had previously overlooked but now we've addressed them with sound strategies. That included things like keeping staff motivated, machinery improvements, increasing brand awareness etc.
It is great having peace of mind knowing that our business has planned effectively and is ready for anything.