Succession planning allows you to transition your business to new leadership in a managed and systematic way - reducing stress and achieving your goals.
Planning 3 - 5 years in advance is required to extract maximum value.
Whether you want to sell, pass on to a family member or simply take a more passive role, taking time to plan now is an important aspect of your overall business strategy. At Kendons, we will work with you to develop your succession plan by:
Identifying your succession options
Clarifying your goals and objectives - considering business, personal and family expectations
Defining the succession process, and outlining tasks and actions to maximise your outcome and your goals
Taking care of the technical, tax and financial details
Working with you to communicate your succession plan to family and other key stakeholders.
Benefits of Succession Planning:
Maximise your return on the hard work and capital you've invested
Successfully align and meet the expectations of all parties involved
Minimise unnecessary stress and avoid compromising your sale price, client relationships and your overall business reputation
We'll act as an impartial sounding board to help you make sound decisions.