Three-Bucket Framework for business owners navigating succession
Succession planning is rarely just a technical exercise. For many business owners, it is deeply personal and often overwhelming. One way to bring structure and clarity to this complexity is the Three-Bucket Framework, drawing on principles popularised in The Aspirational Investor by Ashvin B. Chhabra.
The framework encourages business owners to think about their wealth across three distinct buckets:
1. The Bulletproof Bucket
2. The Compound & Grow Bucket
3. The Aspirational Bucket
When these buckets are intentionally balanced, business owners can protect what matters most, grow capital sustainably, and still pursue future ambitions with confidence.
Billy Pain explores how this framework can support better succession planning conversations in our latest AccountingWEB article.
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