For today's business owners, the idea of selling and retiring is an increasingly unattractive one; the uncertainty of selling, the financial and emotional upheaval, and the loss of long-term income are huge drawbacks to overcome. Recognising this in his own business, Andrew Gray developed a new approach to succession planning that avoids most of these problems. From this, Income and Share Ownership Planning (ISOP) was born. ISOP allows you, the business owner, to pass across the control and ownership of your business to employees or family members in a controlled and gradual way. This means you can carry on benefitting from the profits and continue to help steer the business, while freeing up more time for life outside of work. ISOP succession planning gives you greater financial security, enables you to give up those aspects of running a business that you've grown tired of and, most importantly, allows you to do more of what you love, today.
