Mastering The Art Of Succession
The prevailing culture of many modern corporate leaders creates a focus almost entirely on the short term: this year, this funding cycle, my tenure, my success.
Passing The Baton
Succession planning continues to be a topical subject and for good reason. The bubble of the baby boomer generation pushing towards retirement and exit will only continue. What is unclear is when the bottleneck will tighten to the extent that exit becomes problematic and business values decline.
With A Succession Plan, It's Business As Usual
For all businesses, it is inevitable that the time will come when there will be a ‘changing of the guard’. The aim of a succession plan is to ensure that there can be an orderly transition of a business’s management and ownership so that the value of the business is retained.
Succession Planning For Tough Times
Tough economic times are making it increasingly difficult for business owners seeking to realise maximum value for their business upon retirement or exit. This means that vendors need to think "outside the square" to help alleviate the concerns of buyers.
5 Ways To Start Breaking Free From Your Business Operations!
The biggest and most consistent issue for long-time business owners is how to clear the way for them to spend less time in their business. More control over your life and time, and a valuable business asset that will provide for your lifestyle both now and into the future, are rewards that we want and expect from our business.
8 Key Steps For Successful Business Succession
Astute business planning, management and execution is absolutely essential to the continuity and longevity of businesses of all sizes. Consider this framework for successful business succession.
Extracting The Maximum Value From Your Business When You Retire
Most SMEs and family business owners would have some expectation of what their business is worth were they to sell. However, they may be in for a rude shock.
The Ultimate Succession Planning Guide
A well thought through succession plan is essential to every business no matter what the intention is for the future. It should be a key part of your business' growth strategy and risk management process.
Succession Planning For Small Businesses
These tips will assist small business owners in creating a lasting business legacy, that will see their original idea flourish and expand in the decades to come.
Planning A Smooth Financial Transition In Succession
Succession planning should be an exciting time for all business owners. With forward planning and a proactive approach - including the issues mentioned in this article - it can leave you financially satisfied personally, as well as ensure the ongoing longevity of the business that you've worked so hard to build.
Business Succession Planning Timeline
No matter whether you are planning to eventually sell your business, pass management on to another staff or family member, or stay involved in some capacity - even if its not in a ‘hands on' day-to-day operational sense - having a succession plan in place is critical to success.
Business Succession Planning
Successful business succession hinges on careful planning and it should be started as soon as possible in the life of a business.
Business Succession Explained
There seem to be many aspects to succession planning - ownership succession, management succession, and internal succession - and this can be quite daunting for business owners.
Succession
Why the urgency for business owners to act now?
When Should You Start Succession Planning? Yesterday!
As a business owner, no matter what size or type of business you operate, you must have a succession plan in place for the inevitable day that you decide to transfer both the management and control of the business to someone else.
Ten Succession Planning Points
Ten points to assist you in planning your succession.
Who Is Going To Wear Your Shoes?
You can’t take it with you. Business really does mirror life. An aging population of business owners and managers are, or soon will be, confronting the reality of business and personal mortality. They need to plan accordingly.
Succession Planning - The Achilles Heel Of Medium-Sized Business
Succession planning is a prudent management measure to protect the lifetime of a business well beyond its operations and ownership structure. It is also a useful exercise to protect a business against unexpected illness or loss of owner or senior management's time.
Basis For Good Business Succession Plans
A mistake many business owners make is to believe they don’t need to develop a succession plan until they start putting their retirement plan together.
Ambivalence Concerning The Development Of A Succession Plan
The founder letting go of his business can be compared to a father leading his favourite daughter down the aisle. He knows he has to let her go; he did not choose his son-in-law and yet he has to hand over his precious daughter for better or for worse and trust that things will turn out all right. (Anonymous)
A Succession Planning Process Checklist For Owners
The following succession planning checklists can be used by family business members as part of the succession planning process.
Succession - Placing It In A Theoretical Perspective
Succession planning is probably one of the most important areas that families in business have to contend with. Notwithstanding, it can be helpful for owners and their family business members to become family business aware.