Business Owners & Company Director

Fail to plan, plan to Fail

Are you planning to sell your business?
Are you maximizing the growth of your business?
Are you maximizing the tax strategies available?
Does your business have a contingency plan?

All good things come to an end...

You may have spent years toiling away growing your business. Business owners tend to look back fondly (and perhaps through rose tinted glasses) at the early days when just establishing a brand and building a customer base was the priority.

Years later your company is an established market player and now is the time to consider the next phase both for you and your business. The company’s growth strategy wasn’t developed overnight so why should the succession plan be.

Business exit planning

If you’ve built and managed a successful business, you’ll know the importance of planning.

The decision to sell a business is likely to be one of the most important in your career.

Planning ahead will ensure you maximise the value of your business.

Key considerations

Tax efficiency, income replacement, safeguarding your capital, making provision for ongoing business interests and ensuring that your family are adequately provided for.

A crisis in Succession Planning

On average, only 30% of family businesses make it to the second generation. This collapses to between 10% and 15% that make it to the third generation and a mere 3–5% make it to the fourth generation.

Source: Ward, J. (2004). Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting, Successful Families in Business.

The Exit Lifecycle

Pre-exit

Business owners should be considering the ownership structure of their business long before the prospect of an exit. Early planning results in optimal outcomes and a smoother transition. The issues are varied at this early stage and focus primarily on succession planning, wealth extraction, business continuity and estate planning.

Exiting

The process of exiting a business you have built from scratch can be both challenging and daunting. We work closely with a wide range of professional partners, including solicitors, accountants and tax advisers to ensure a smooth transition and successful exit. Our role will be to “project manage” your exit strategy.

Post-Exit

The “post-exit” strategy is often neglected with little consideration given to important issues including personal & lifestyle transition, wealth preservation, inter-generational wealth transfer and philanthropic pursuits.

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Business Owners & Company Director​