The starting point for discussion will be around the expectations of partners/owners. Key items to be discussed will be: personal / professional expectations, financial expectations, business expectations and time frames.
Succession / Exit Options
A key element of the discussion will be to debate the range of succession / exit options and what is happening in the market. Some of the key options to be considered will be: Grow your own successor, merger, sale (internal or external), aggregation play or divestment.
To discuss your practice Succession Planning needs, please contact us on 1300 79 66 27
Colin Simkin, Founder & CEO
0417 435 212
A great failing of many practitioners is simply ‘failing to plan’ and this workshop will provide a significant step for your practice to ensure a successful succession process is in place. Our Succession Planning Workshop will assist your firm in the development of a comprehensive succession strategy. The outcome of this workshop will be the development of a tailored, documented Succession strategy that is specific to the needs of your practice.
What is your practice worth today? What are your expectations around realised value? How can we maximise value increase / reduce value decrease. These are all important discussion in the context of your pending succession exit from your practice in the future. At the heart of much of this discussion will be the underlying drivers of value within your business which we will discuss in detail.
Succession Planning Workshop
Succession Planning Workshop Outline
Drivers of value
Where you have time to prepare your business for succession/exit, the following key value drivers will serve as an important checklist for you to give due consideration, particularly as you consider each area with some clarity around your optimum succession strategy:
Some of the more common problems you will want to think through as your prepare your business for succession will include:
We will discuss all these elements and other key issues as we start to formulate a clear strategy and plan around your business succession.
Prior to our workshop, there will be some key preparation your firm and key stakeholders will need to complete including our Practice review, Personal review, Due Diligence review.