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Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Succession planning acknowledges that your team members will not be with a business indefinitely. It provides a plan and process for addressing the changes that will occur when they leave.

You often hear of public companies ‘grooming a successor’ for the CEO position or other lead roles, where the purpose is to create leadership continuity so that it remains business as usual when the current leader retires.

The same need exists in privately held businesses although you must go further to consider not just retiring from your job but your exit strategy options as an owner.

Succession planning is not just for business owners who are expecting to exit an industry in the near future.  It is never too early to start planning.  Those business owners that do start early will find they have the greatest amount of control over the timing, nature and profitability of their exit.

A succession plan helps your organization in the following ways:

  • Maximize your exit options: Plan and put the wheels in motion for selling the business on your terms.
  • High performer retention: Reward and retain talented team members by including them in your succession plans.  Demonstrate your loyalty by promoting from within.
  • Recruiting effectiveness: By clearly understanding your workforce needs in advance, succession planning creates the opportunity for you to pro-actively initiate recruitment and to do a thorough job.

As you would expect, many of our clients have been through the process of putting in place a succession plan or selling their business, so if this is something you feel you should be considering, feel free to get in touch.

Recent articles

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

バックパッカー税率が来年一月から15%に変わります

2016年11月28日、財務相からバックパッカー税率が9月発表された19%から15%に減じる事になりました。

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years prior to the sale. Selling before you have to allows you to take a deliberate approach to what is probably the most important deal of your life. There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value. Some of these methods are discussed below.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to find a successor.

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

New tax rules for backpackers, effective from 1 January 2017

The treasurer has announced that the new tax rate for backpackers will be reduced from 19 per cent to 15 per cent on earnings up to $37,000 on 28 November 2016. The new tax rules will be effective from 1 January 2017. Foreign resident tax rates will apply after that (refer to the tax table below). 

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Avoid changing horses in midstream

 It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud were the Institute of their campaign that they bought serious billboard space in London. On the billboard was written in huge writing:  

Read More

Planning your future

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