Leadership transitions in business affect the entire organisation's continuity, employee retention, client retention and returns on investment. It is essential to create and implement a process that creates visibility, accountability and greater integration of all facets of the business.

It is widely accepted that every person should have a Will to ensure the efficient distribution and control of their assets on death and an Enduring Power of Attorney appointing someone to look after their financial affairs in the event of their incapacity. It is no different for a business. A business needs to establish a Business Succession Plan, often referred to as a Business Will, to ensure the ongoing viability of the business and to protect the value and control of the owner's interest in the business.

You can read about some of your transition options on our blog.

If you are a family business or small business owner, contact us to book an initial consultation for your business.

 

"I have been a client of the ActonAdviceGroup for over 5 years.   Lynette spends considerable time doing her research, getting to know you and your business and I feel she has an excellent grasp of our business and the industry we operate in. The advice we have received has been professional, personal and specific to our needs. When it comes to succession planning, it has been really useful to sit down with Lynette and run through various scenarios. She takes the daunting and abstract and makes it practical and real world. I have no hesitation recommending Lynette and the team from ActonAdviceGroup for any business wanting to develop a succession plan."

- Jenny Edwards, www.lighthouseteam.com.au

 

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