Professional advice can be invaluable and very essential if you anticipate that your business will have a market value based on something other you’re your personal skills and goodwill when you retire.
Although, it is possible to structure your own business succession plan, the use of teams helps you to achieve a greater result.
The team members you choose to help plan your business succession will depend upon the size and complexity of your business, its stage on the business life cycle, and your personal career stage.

Read more: https://www.entrepreneurshipsecret.com/the-use-of-teams-in-business-succession-planning/