Succession planning involves making decisions about who will lead your business into the future, and who will take ownership of it. By taking charge of this decision-making process, you will be able to attract a higher selling price for your business and minimise the tax you pay on the proceeds.
In the marketplace today, there are countless stories of business owners simply closing the doors and walking away. This should never be the case. All businesses hold value, and over time, business owners can work to maximise this value whether they plan to exit in 2 years or 10.
Succession PlusOpens external site specialise in providing proactive, focused and strategic advice for SME owners to manage strategic Business Succession and Exit Planning, and their free high-level valuation toolOpens external site is a great place to start and can help you establish a baseline value for your business.
A valuation can help a business owner establish where you currently are, what you set out to achieve and provide significant insights into the best pathway to grow and maximise value, and make the business journey far more rewarding and answer the important questions:
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We pay respect to Elders past, present and emerging.