From the very commencement of you business career, you are working toward succession. For some that may be some time off, for others that time is rapidly approaching. You may plan to sell your business, pass it on to others, or even retain the business, but step back from the day to day operation. In all these events you will need a solid plan to prepare for that day. Succession planning covers all aspects of maximising your return from the business. It involves consideration of how to achieve the maximum value on sale, or if retaining the business, how to ensure the right people can manage your business. It could involve ensuring the next generation have the necessary support to continue your success. It also goes beyond the business factors, it involves ensuring your retirement income is maximised, your superannuation is in order, and assisting in determining how much you are likely to need in retirement.
RAW Business Advisory approach always starts with a free, no obligation meeting to establish how you and your business would benefit from succession planning. From there we:
- Agree on the approach
- Design a program to maximum the value of the business
- We assist in setting your retirement plans
- We review your retirement income needs
- We provide action plans to achieve our agreed targets
- We follow up to ensure implementation of any decisions made
The next step:
If you would like to discuss how our Succession Planning service can benefit you, please do not hesitate to contact us to organise a free, no obligation meeting!