Steve Covey’s second habit is “Begin with the end in mind” – this means every decision we make in business should be made considering our ultimate exit strategy. “Begin with the end in mind” – sounds really simple but unfortunately most people lose sight of the strategic management of their business – and this vital… Read More
Succession Plus, one of Australia’s most forward-thinking and innovative companies is proud to announce that they have recently celebrated ten years in business. The company which operates nationwide, delivering seminars and working predominantly with the baby boomer generation, has never been busier and is actively working on international expansion plans, with expansion into the United… Read More
Owning your own business is a lot of work, with many owners feeling they only have time to work in their business, rather than on it. As a result, passion, productivity and sales often deteriorate, and owners can quickly become burnt out. In a brand new PodcastOne series titled SME Experts, hosted by CEO of… Read More
Often employers think that employees are not interested or wouldn’t want to be involved in the company’s employee share plan – nothing could be further from the truth. The academic research has regularly reported “strong support for the extrinsic satisfaction model of ESOP employee ownership: money matters.” It is also the case that employee ownership… Read More
Focusing on business succession and exit planning is often a matter of facilitating solutions to other more pressing problems first. We often ask our clients, “What’s keeping you awake at night? What’s worrying you? What are the issues that you are finding difficult to solve within the business (or otherwise)?”. If these pressing issues are unresolved… Read More
I spoke recently at a CA ANZ event on Business Succession and Exit Planning and was interested to hear the increased attention and focus on APES325 – Risk Management for Firms and specifically para 4.2 which includes “governance risks, business continuity risks (including succession planning), business and financial risks…”, all of which are key areas… Read More
Most business owners spend years (and blood and sweat and tears) building their business. And the research tells us that most never get to realise the value of the investment. WHY? Most business owners are control freaks and the business is dependent upon them. Most business owners do not empower employees, they hide info and… Read More
Based on our work over many years with clients, there are several simple things you can do to maximise the value of your business. Let’s start with 5 internal factors that most business owners ignore: 1. Size – size does matter – businesses with a turnover of $5m or more sell for higher multiples. 2.… Read More
