Home / Business Exits / Succession and Exit / WEBINAR: The 7 Critical Factors for Successful Succession Craig West | May 19, 2023 Succession Planning is quite simple to describe as the combination of three things all happening at the same time. It’s about getting the business ready for a change of ownership or transition. It’s about getting the owner ready – partly psychology, partly financial. And essentially, it’s about getting your personal and family financial position ready.