Succession Plan or Exit Strategy?

One common request we receive is from business owners seeking guidance on retiring from their business. They often face the dilemma of whether to sell the business or pass it on to the next generation.

Our CFOs provide in-depth analysis and strategic advice to help you make this critical decision. They assess the potential financial outcomes, evaluate the readiness of successors, and consider market conditions to recommend the best course of action.

With all that support and expertise at your fingertips, you will achieve better results, faster. It means you’ll have more confidence and clarity when it comes to decision-making.

 

Leaving a Legacy by Ensuring Business Continuity

Succession Plan or Exit Strategy?

Succession planning involves deciding who will lead your business in the future and who will take ownership of it. By proactively managing this process, you can attract a higher sale price for your business if selling is the path you want to travel – or leave the business in great shape for a succession route.

Exit planning is a comprehensive analysis of all the factors that impact a business owner.

You can also consider these options:

• Transfer ownership to your children
• Sell to management
• Take your company public by listing on the stock market
• Liquidate the assets and take the cash that is released

 

Passing the Baton: Crafting Your Exit Strategy

Our part-time in-house CFOs assist our SME clients in establishing a successful long-term exit or succession plan. Our experienced CFOs start by understanding the unique goals and challenges of your business. They work closely with you to identify the most suitable exit strategy, whether it’s selling the business, passing it on to the next generation, or another tailored solution. They bring a wealth of knowledge in financial planning, market analysis, and strategic development to craft a plan that maximises value and aligns with your personal and professional objectives.

Once the exit or succession plan is established, we reverse-engineer this plan to create a detailed roadmap and timeline of key objectives from now until the exit. This process involves breaking down the long-term goal into manageable milestones, ensuring that we address all critical aspects such as financial health, operational efficiency, and market positioning. We work with you to set clear short, medium, and long-term targets, providing regular check-ins and adjustments to keep the plan on track and adaptable to any changes in the business environment.

We don’t just consult and advise—we roll up our sleeves and help with implementation as part of your leadership team. This hands-on approach means our CFOs are actively involved in executing the strategy, from optimising financial operations to managing stakeholder relationships. We act as a true business partner and sounding board for the owner, CEO, or MD throughout the journey. Our goal is to ensure that every step is executed effectively, providing you with the support and expertise needed to achieve a smooth transition.

 

The Art of Succession

We help create a comprehensive plan that allows you to retire with confidence. This includes financial forecasting, tax planning, and risk management to ensure that your retirement is financially secure, and your legacy is preserved. Our CFOs work with you to address any concerns and ensure that the transition is as seamless as possible.

Please drop us a message to learn more about how we can assist you in creating a tailored succession plan, or call us on or call us on 1300 447 740 to speak to your local regional director.

Click here for more resources on exit planning as well as a useful checklist on how a CFO can help.

 

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With thanks to Elechia Jones, Regional Director in NNSW for her insights into this topic.