Succession Planning.

The Future You.

If you are in the phase of life where your focus is changing from financing your day-to-day costs, you should be moving towards planning your future lifestyle. If you have an idea of what sort of lifestyle or standard of living you want for your future, we can help guide you towards making this a reality.

Succession Planning

A carefully considered exit strategy reflects the hard work and capital you’ve invested in your business. We want to work with you to develop your Succession Plan to ensure that the expectations of all parties are addressed and achieved.

  • Do you feel your business would be unable to cope without you?

  • Do you worry about being able to recover your investment (and more) when you exit?

  • Are you concerned about the expectations your family may have for your business?

  • Do you have clear expectations and goals for life beyond your business?

  • Do you know what’s required to support your lifestyle after you’ve exited?

Succession Planning is about clarifying what you want for the future and defining the steps required to turn that vision into a reality, while taking into consideration business, personal and family expectations.

The Benefits of Succession Planning

  • Dedicated time to review and determine what you want from your business.

  • Stimulate strategic discussion around ‘what if’scenarios.

  • Determine a common vision for owners, team members and successors.

  • Establish what the challenges and opportunities really are.

  • We’ll act as an impartial sounding board to help you in the decision making process.

  • Clarify your succession process, defining tasks and actions to maximise your outcome.

  • Identify and prioritise key goals and milestones.

  • Increase your ability to make effective strategic decisions.

  • Develop a tool to communicate your Succession Plan with family and other key stakeholders.

  • We’ll encourage you to be accountable for achieving your goals.

  • Access our collective wisdom, systems, products and services.

We will facilitate a Succession Planning meeting where you will define your goals and objectives with respect to your eventual exit from your business. You will complete pre-work prior to the session to identify any burning issues so that we can prepare accordingly.  During the meeting we’ll work with you to create a one page Succession Plan to guide you through this process. 

We will help you:

  • Determine what you want out of your business.

  • Clarify your succession options.

  • Identify the key people involved.

  • Ascertain the timeline and key milestones for your Succession Plan.

  • Clarify the various personal, business, financial, legal and taxation aspects you need to consider.

  • Identify the actions and strategies you need to take to make your objectives achievable.