Enjoy It

What would happen to your business if you were forced to retire tomorrow?

Leaving the business without an effective succession plan in place can be devastating. Staff morale can fall, investors can become nervous and your customers may leave. All this means you will fail to realise the long-term value of your investment. Can you afford for this to happen?

Too many business owners make the grave mistake of failing to plan their exit from the day they start their business. Enjoy It is a nine step guide to succession planning, designed to cover the key issues to ensure the value in your business does not retire when you do.

Book Chapters:
Take a Strategic Approach
Maximise the Value of Your Business
Choose Your Successors
Implement an Equity Matrix
Secure Funding
Smooth Transition
Tax Benefits
Communicate and Implement the Plan
Get the Best Advice

Get your copy of the Enjoy It ebook today for only $14.95 plus GST.

Why Now?

Succession Planning relates directly to your ability as a business owner to extract the maximum amount of value from your business when you exit. For small businesses, planning well ahead is even more vital!

For the 51% of you planning to use your business as the primary source of retirement funding, and 43% of you wanting to realise a ‘lump sum’ from your business, planning to release the value locked up in your business is your most urgent imperative.

Funding Success

What many business owners fail to understand is that succession planning is not simply an exit strategy. It’s also an entry strategy for those assuming responsibility.

Good succession means smoothly transitioning the ownership of your business, so identifying and selecting the most suitable successors is key. However, often, these successors are buying houses, having children and experiencing other financial pressures which render them unable to spend the cash for equity in the business.

This is where developing a funding plan is integral. Not only can they ensure the smooth transition of your business, but a good plan can maximise the value of your business when it comes time to sell.

One such plan which aids succession is an employee share plan such as a Peak Performance Trust. Management buy-outs can be greatly facilitated by the equity staff can acquire over the years, and even in an external sale, these plans can increase the value of your business.