Succession Planning
A robust ownership changeover plan that focuses on your personal financial goals and long-term security for you and your business
Are you experiencing any of the following challenges?
- Still working more hours in the business than you would like
- Delaying or avoiding retirement
- Feeling like the business would struggle to cope without you
- Concerned about other Director and/or family expectations
- Worrying about being able to recover your investment when you exit
A good succession plan takes a minimum of 3-5 years from initial planning to implementation. You must have one in place, if you’d like to extract maximum value from your business when you exit.
We’ve developed our Succession Planning workshop to ensure that you get maximum return on the hard work and capital you’ve invested, and that the expectations of all parties are successfully met. We work with you to create a robust plan by identifying your succession options, clarifying your objectives (considering business, personal and family expectations) and defining the steps you’ll take to achieve them.
Succession planning allows you to transition your business to new ownership in a managed and systematic way. Helping to reduce stress and achieving a greater outcome for all involved.
Whether you want to sell, pass on to a family member or simply take a more passive role, taking time to plan now will benefit all involved.
Benefits of our Succession Planning service:
- Determines what you want back from your business
- An impartial sounding board to help you make important decisions
- Stimulates strategic discussion around ‘what if’ scenarios
- Explores what your business is worth and how much you wish to extract
- Clear plan to make your personal financial goals achievable
- Prioritise key goals and milestones
- Easy to communicate and align your plan with key stakeholders
- Reassurance you will be financially secure for the future
How much time will it take?
- 30mins for you to complete our online pre-work questionnaire
- Full day in-person workshop at Panthera offices