Strategic Succession Planning
We are part way thru full day strategic workshops for clients that focus on designing the business they want, creating a strategy to deliver that business and then getting down to the hard work of action plans and time-lines to ensure the various action steps required to get to the end game are actually implemented. This is actually the key to Strategic Succession Planning and a step many business owners completely miss…
Read More about January 2012 Issue
Exit Planning Institute – Florida USA – Ownership Thinking
I am currently returning from this annual event in Florida and was pleased to be asked to present the closing address. The conference featured some great speakers and some great ideas on how best to prepare for a business exit. None better than Brad Hams, founder of Ownership Thinking – a business which provides design, advice and consulting to businesses who wish to engage employees and create a “culture of accountability and purpose” – one of the key ideas was the idea of a rapid improvement plan…
Read More about December 2011 Issue
Sorry tale of an SME simply closing the doors
I was sadly, not surprised to read only last week in my local paper the story of a family owned business with the owners planning to retire in November and have simply chosen to close the doors despite trading for over 40 years. The story includes the very familiar comment “our son and daughter have worked here for 15 years but they didn’t want to take it on” a trend which has been emerging for the last five years and is typical of family businesses unfortunately…
Read More about November 2011 Issue
Australian Private Business Values – latest report and key findings
The latest bizexchange index report on Australian private business values show some interesting results and highlights the need to keep a close eye on the market for business sales in Australia. Before we analyse the numbers a couple of key findings shed light on key issues for business owners as they prepare for an exit or succession plan, which includes selling their business…
Read More about October 2011 Issue
Latest research from the 2011 Family Business Survey
The latest annual survey prepared by FBA and KPMG has been released and has some interesting findings on Family Business and succession issues : Just a little over 60% of all survey respondents highlighted retaining family control of the business is either a high or very high priority for them at the present time…
Read More about August 2011 Issue
Think Gen-Y is the problem? Think again. Baby Boomers are the real problem !
Generation Y is often portrayed as difficult to deal with, overly-demanding and the bane of a manager’s life. Yet, according to new research by Leadership Management Australasia (LMA), Gen-Y is looked upon favourably by most workplace leaders and employees across generations. Among 14 L.E.A.D. Survey questions, participants were asked…
Read More about July 2011 Issue
Protecting your assets is just as important as building or creating them
ASSET PROTECTION IS about using business practices and structures to create barriers between your assets and the risks faced by your business or even by yourself personally. It’s really part of an insurance strategy, and like any other type of insurance, while you might think it ‘couldn’t happen to me’, you just never know, and if it does, you’ll be glad that your business and everything you’ve worked so hard to build is protected…
Read More about June 2011 Issue
Capital Raising and Exit Planning workshop
On behalf of Succession Plus, MBE Education and Wholesale Investor, you are invited to attend the Capital Raising & Exit Workshop. Learn how to raise capital for your business, and position it for a profitable exit. Also learn why the current market conditions are ideal right now.
CLICK HERE to claim 2 free tickets, valued at $189, (enter the promo code SP)…
Read More about February 2011 Issue
Strategic Succession Planning – Lifestyle, business, personal and financial
Some of the most successful results we have seen with clients have come about as a result of coordination of business strategic planning, personal goal setting and financial planning. It is impossible for us to provide detailed strategic advice on business/retirement outcomes without considering all aspects of business owners’ personal situation. This includes their personal goals, retirement & lifestyle considerations and issues as well as a complete analysis of their financial position including structures, investments, liabilities, risk, assets and increasingly self-managed superannuation…
Read More about January 2011 Issue
BUSINESS STRATEGIC SUCCESSION PLANNING: Why ?
Business strategic succession planning was never heard of 10 years ago – however business owners now understand that succession is a significant aspect of the success of their business. Steven Covey’s habit number two is Begin with the End in Mind – Covey says…
Read More about December 2010 Issue
ESOP’s for Business succession planning and retention of key people – some L J Hooker case studies
In terms of Business exit, one of the most important issues facing business owners and their advisers is the equity / wealth extraction to ensure retirement planning goals can be met for the exiting owners. This issue is where many exit plans fall over due to incompatible timetables, simple lack of funding and inadequate structures to deal with the vagaries of ownership styles and structures within SMEs…
Read More about October 2010 Issue
STRATEGICALLY PLANNING YOUR BUSINESS OWNERSHIP TRANSITION
What we know about Succession Planning is that it is not optional – it will ultimately happen at some point – either now under your control and management or when things are well beyond your control…
Read More about September 2010 Issue
THE IMPORTANCE OF A STRATEGIC PLAN
1.To Build the Business Value
Most business owners want to improve the value of their business to maximise the sale price to fund their retirement and personal life. Here are the key components :…
Read More about August 2010 Issue
The company must be set up so it can run without me.” —Sir Richard Branson, as quoted in a recent interview with HR Magazine.
As HR Magazine goes on to say “few companies have so publicly revolved around one man; Virgin is Branson and Branson is Virgin.”…
Read More about July 2010 Issue
Australia’s Generational Profile – Boomers rapidly leaving workforce!
Recent research by McCrindle Research on our generational profile shows clearly why business succession planning is becoming a larger and larger issue…
Read More About June 2010 Issue
55% of business eixts are as a result of failure !
55 % of all business exits are due to death, disability, bankruptcy, liquidation or simply owners walking away and closing the doors…
Read More About May 2010 Issue
Business exit preferences for Australian SME’s
ANZ Bank Private Business Research
According to the ANZ Bank Private Business Research 2008 – Understanding the opinions of privately owned businesses in Australia. Shareholders’ “chosen” method of ending involvement with their company:
Read More About March 2010 Issue
How Effective are Your Existing Business Structures?
Try this 8 Point Checklist…
We often encourage clients to use the following checklist of structural issues to determine how effective their existing business structures are in terms of three key factors: asset protection, efficiency, taxation…
Getting your business sale ready – Structure and due diligence
Most business owners when they prepare their businesses for sale are really not sure what that exactly means – they probably know they need to have a bit of a cleanup both literally and also in terms of documentation, client records and files but they’re really not sure what else needs to be done to adequately prepare the business for sale…
SUCCESSION PLANNING TIMELINE AND EQUITY MATRIX
We always advise clients to carefully map out two key things when preparing a succession plan:
A timeline for significant succession events – which is more often than not quite certain in terms of the short term dates but more flexible and variable in the longer termas circumstances are more likely to change…
Read More About September 2009
FOUR STAGE SUCCESSION PROCESS
OUR UNIQUE FOUR STAGE PROCESS IS ALL FOCUSED AROUND VALUE AND WEALTH …
Read More About June 2009 Issue
Visit Us:
