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One Thing is Certain, Change is a Part of Running a Business

No sooner do you get comfortable doing one thing when something changes and you need to adapt.  In a small business, that’s the way it is, and your capacity to manage change is vital to surviving.

Transition Management is a process to enable a business to adapt to changes –be it internal/external to enterprise or very personal reasons of entrepreneurs. Planning for transition is something very compelling. Because it is a way of assuring everybody be it family members, employees, other stakeholders, that they have no reason to fear threats or feeling deprived of opportunities.


Transition Stages

We understand that transition itself is very varied, apparently very non-financial n nature yet the impact on the financials of the business of SME is immediate. There are four noticeable Transition stages:

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