Exiting a business can be a moment of truth for an entrepreneur. A solid succession plan can make the difference between success and failure.
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Traditionally, when business owners would start thinking about retirement or stepping back, they would for a buyer – either a competitor, an investor or sometimes someone within the current management. But if you want to secure the future of your business, protect its character, and make a different sort of choice, there is another option – employee ownership.
More often than not, business is about looking at how things have been done before and having the courage and imagination to reinvent the rules. That’s what Anne Boden did when she created Starling Bank, a digital bank for personal and business current accounts. Starling was born out of her determination to give customers control over their money and provide a real alternative to the banks of the past. Starling strives to be fast, friendly and supportive – just like a murmuration of starling birds.
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