Planning ahead is an essential part of life. But what can that look like for your business and retirement? For some, it's a succession plan. For others, an Employee Stock Ownership Plan (ESOP) might be a better option. Andrew Williams demonstrates why an ESOP could work better for you and how it can keep your legacy around.

You’re a successful business owner and you’d like to plan ahead. Professionals are urging you to prepare a “succession plan” – but you look at it as a retirement plan. Getting out of the daily grind might be nice, but giving up your life’s work and your legacy business? Maybe not so nice. No matter how they sugar coat it, “succession planning” looks like you’re calling it quits.