Succession Planning
At some point in every business the owner/s want to exit and do it successfully. Succession planning is all too often ignored and often results in dramatic failure.
Succession Planning helps you clarify what you want for the future (taking into account business, personal and family expectations) and define the steps required to turn that vision into a reality. At least 3 – 5 years is the ideal timeframe to make sustainable improvements; basically the more time you have for planning and implementation the better.
Lack of planning can cause unnecessary stress and compromise your sale price, client relationships and your overall business reputation.
Benefits of Succession Planning:
We’ll begin the half-day Succession Planning session with a presentation providing an overview of important considerations, succession options and processes relevant to your business. We will then work with you to define your succession timeline and identify your ideal succession scenario, opportunities to improve your business value and vulnerabilities you need to manage, documenting them in a robust Succession Plan.
We’ll then set 12 month goals and quarterly goals and actions to achieve these. As a result, you’ll have a roadmap to guide decision making and ensure your business is in the best position to achieve maximum return on your hard work and investment.
Succession Planning helps you clarify what you want for the future (taking into account business, personal and family expectations) and define the steps required to turn that vision into a reality. At least 3 – 5 years is the ideal timeframe to make sustainable improvements; basically the more time you have for planning and implementation the better.
Lack of planning can cause unnecessary stress and compromise your sale price, client relationships and your overall business reputation.
Benefits of Succession Planning:
- Determine what you want from your business
- Stimulate strategic discussion around ‘what if’ scenarios
- Clarify your succession process, defining tasks and actions to maximise your outcome
- Prioritise key goals and milestones
- Achieve alignment amongst owners / family members
- Develop a tool to communicate your Succession Plan with family and other key stakeholders
- We’ll act as an impartial sounding
We’ll begin the half-day Succession Planning session with a presentation providing an overview of important considerations, succession options and processes relevant to your business. We will then work with you to define your succession timeline and identify your ideal succession scenario, opportunities to improve your business value and vulnerabilities you need to manage, documenting them in a robust Succession Plan.
We’ll then set 12 month goals and quarterly goals and actions to achieve these. As a result, you’ll have a roadmap to guide decision making and ensure your business is in the best position to achieve maximum return on your hard work and investment.
