Do You Really Need Business Succession Planning?
Life goes by so quickly (ever feel you are on a treadmill?)
And, sadly, many business owners exit with no plan and no choices.
Even worse is that they often sell the business for a fraction of what it would be worth if they had better planned their exit strategy.
Work with me and plot the course to a high-value/maximum-value exit so you can:
- Retire with choices
- Exit when you want and with a clear idea of how and what it looks like
- Plan to have options
Plan a Successful, and Profitable, Exit From Your Business
If you’ve built a substantial business, plan to retire with choices – you could:
- Plan to fully retire
- Plan to partly retire and have your business managed for you
- Consider selling down part of your business
- Consider keeping a shareholding and exiting the day to day running of the business.
Our Navigator programme is designed to guide you through the process of Succession or Exit.
This programme guides you through a clear process – we cover the following KEY steps:
- Clarify and understand your personal and business exit goals
- Undertake a full assessment of your business – as it is now
- Get a current business value – as a going concern
- Get your current ”personal ” value
- Establish your personal income goals
- Identify the gap between the two
Work with me to plan to get your business to full exit value and readiness. You’ll understand your business current value and get an accurate assessment of the value range of your business. From this we can develop a ”Scorecard ” and measure progress.
What Clients Say:
I had been in Business for more than 20 year’s and wanted to sell my business.
I did not know how to do this and engaged Malcolm to show me a plan to selling my business.
He provided me with a clear plan and actions – real life things to do to and put in place ways that held me and my staff accountable for making the changes we needed to make.
The process took about 18 months – and we were able to sell the business for a sum I was very happy with.
At the time I met with Malcolm, my business was struggling, we were barely able to meet our monthly commitments.
I was tired and run down and working long hours. I was asking myself – ”why am I doing this? ”
With Malcolm’s support we made some urgent changes, returning the business to profitability and easing the Cashflow constraints.
After this initial work we have now put a plan in place to grow the business.
Once we have achieved some targets we will begin to prepare the business for sale – I now feel much happier and I can see a way forward.
We had big issues with staff – poor performance, high turnover and poor morale.
Working with Malcolm we ‘went back to basics’ – we looked at who was doing what, we agreed clear performance outcomes with staff, decided on how to measure these and we dealt with those who did not share our vision.
We also looked at our recruitment and on-boarding processes and we think we will do better in this area going forward.
All in all – it was hard, but well worthwhile.
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