The 7 Steps of Business Succession - Thought Out and Executed by a Professional. Being your own boss may be the highest form of quality of life there is. In his practical handbook, Prince Hohenlohe shows how to achieve and maintain this. As a consulting expert in business succession, he thoroughly explains what is important when acquiring a new business or taking over an established one. In the book, business heirs and buyers, start-up founders, and expanding self-employed individuals learn how to build their company on a stable foundation, avoid significant mistakes when entering a business, and set the course for success early on. Business idea and decision, valuation and financing, sales targets and capital requirements, form of establishment and business registration: the author provides a thorough analysis of all aspects, opportunities, and risks.