succession planning

• Do you feel your business would be unable to cope without you? A succession plan is what you need.

• Do you worry about being able to recover your investment (and more) when
you exit?

• Are you concerned about the expectations your family may have for your

business?

• Do you have clear expectations and goals for life beyond your business?

• Do you know what’s required to support your lifestyle after you’ve exited?

Start planning for your succession from your business

Why We developed this service

A carefully considered exit strategy reflects the hard work and capital you’ve invested in your business. We want to work with you to develop your Succession Plan to ensure that the expectations of all parties are addressed and achieved. 

Succession Planning is about clarifying what you want for the future and defining the steps required to turn that vision into a reality, while taking into consideration business, personal and family expectations.

Who should use this service?

All business owners should have a Succession Plan in place. Whether you plan on exiting in
three years or 30 years, it’s important now. It’s not just about extracting maximum value from your
business to provide for your future. Should an unforeseen event occur, lack of planning will cause
unnecessary stress and potentially compromise your sale price, client relationships and the overall
reputation of your business.

What is involved?

We will facilitate a half-day one on one Succession Planning session where you’ll define your goals
and objectives with respect to your eventual exit from your business. You’ll complete pre-work prior to the session to identify any burning issues so that we can prepare accordingly. During the session we’ll work with you to create a one page Succession Plan to guide you through this process. We will help you:
• Determine what you want out of your business
• Clarify your succession options
• Identify the key people involved
• Ascertain the timeline and key milestones for your Succession Plan
• Clarify the various personal, business, financial, legal and taxation aspects you need to consider
• Identify the actions and strategies you need to take to make your objectives achievable

When should I have a Session?

If you wish to take a more passive role or sell your business within the next three years, then we
recommend you start the ongoing Succession Planning process now. The earlier you start the more likely you are to achieve your goals within the timeframe you set. The longer the planning phase, the more time you have to groom your business for sale and attract the right successor.

Benefits of an organisational review

Dedicated time to review and determine what you want from your business

Stimulate strategic discussion around ‘what if’ scenarios

Determine a common vision for owners, team members and successors

We’ll act as an impartial sounding board to help you in the decision making process

Clarify your succession process, defining tasks and actions to maximise your outcome

Identify and prioritise key goals and milestones

Increase your ability to make effective strategic decisions

Develop a tool to communicate your Succession Plan with family and other key stakeholders

We’ll encourage you to be accountable for your achieving your goals

Access our collective wisdom, systems, products and services

Establish what the challenges and opportunities really are

 

 

Meet with the experts

Randall Corless

After leading Marsh Tincknell for 27 years as a director and business growth coach – Randall has developed a very strong ability to coach businesses on a pathway to achieving more profit, with less stress and more time for the things that really matter.

Gene Herder

Gene has extensive experience in both business ownership, and coaching businesses to see better results. As part of the Marsh Tincknell team, he strives to grow client businesses and has a forte for using government grants to increase the savings for his clients.

Let’s get your business kicking goals
Start today

Book in for an initial complimentary review session with either Gene or Randall today, and start your journey toward owning a business that works for you, not the other way around.