Succession & Transition Planning
Nexis Accountants & Business Advisors
Business Planning, Strategic Planning
The Succession and Transition Program provides current and future business owners with an effective method of transitioning business ownership (and ultimately ensures your business is worth more) when times to sell.
A risk that many business owners take is ignoring succession planning until it’s too late. Prevention is the best cure. The best time to start planning for succession is when you buy or start your business.
Every business will undergo a change of ownership at some stage. If it isn’t planned, then it will be imposed on you by a triggering event such as ill health, partnership dispute, key staff or major clients leaving or a sudden realisation that this is not what you want to be doing anymore. This will result in an unstructured disposal of the business and loss of opportunity as a seller.
, Strategic Planning