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Succession Planning - 3 Major Factors

By Simon Rodger

 

Sadly, we are seeing too many businesses looking to sell but struggling to find an interested buyer at the right price. Unfortunately, the most common mistake in succession planning is the absence of a plan! 

If your business is your major source of income and wealth, you must do all you can to protect its current and future value, and CONTROL your succession. 

Our succession planning model has 20 fundamental concepts, under 3 major themes: 

  1. You Attitude to Control - understanding what you can and cannot control
  2. Financial Life Planning - understanding your business value now, what it needs to be to support your retirement, and what needs to be done to bridge the gap
  3. Exit Options - there are many options - succession does not necessarily mean selling the lot!

We have an enormous range of tools and expertise to help with your succession planning - just ask us.

 



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Accountants & Financial Planners - Mortgage & Finance Services
IMPORTANT NOTICE

On this entire website, information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of information sourced from third parties. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

Anthony Klatt, John Grocke and Mathew Wilkshire are authorised representatives of Paragem Pty Ltd. Paragem Pty Ltd ABN 16 108 571 875, is the holder of Australian Financial Services License number 297276 and these authorised representatives trade as Johnston Grocke.

AG Finance Group is a Corporate Credit Representative (396686) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit License Number 391237).