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Business value – Develop a succession plan

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business.

  • Intergenerational baton change – It might be within your family
  • Self sufficient management might be looking to take over the reigns from you
  • Sale of the business, but get good advice
  • Closure of business is sometimes a possibility.

A profitable, well run business that is not reliant on its owner is an attractive business proposition. Do not make yourself indispensable.

If sale is the chosen course, consider who the buyers are and prepare your business for sale well in advance.

Bruce Saward's Articles

Budget Summary 2020

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton change – It might be within your family Self sufficient management might be looking to take over the reigns from you Sale of the business, but get […]

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State Government COVID-19 assistance via Business Support Fund

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton change – It might be within your family Self sufficient management might be looking to take over the reigns from you Sale of the business, but get […]

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JobKeeper Payment

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton change – It might be within your family Self sufficient management might be looking to take over the reigns from you Sale of the business, but get […]

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JobKeepers Payment Subsidy

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton change – It might be within your family Self sufficient management might be looking to take over the reigns from you Sale of the business, but get […]

Read more

Government stimulus packages for the impact of Covid-19

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton change – It might be within your family Self sufficient management might be looking to take over the reigns from you Sale of the business, but get […]

Read more