Succession Planning

Succession Planning allows you to transition your business, farm or orchard to new ownership in a managed and systematic way; reducing stress while achieving the best outcome for everyone involved.

Succession is not just about extracting maximum value; it’s also about ensuring you have the business practices necessary to encourage the growth and sustainability of your business.  If you were suddenly not working day-to-day, how seamless would the transition be - both for your business and your clients?

When should I create a succession plan?

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 everyone.

Succession Planning is a process. Generally the earlier you start planning, the better the outcome for everyone involved. Ideally your Succession Plan should be created a minimum of 3 - 5 years from initial planning to implementation. 

What’s involved:

We start off your plan with a thorough discussion to understand your situation and needs. We’ll help you clarify your objectives - considering business, personal and family expectations - identify your options, and define the steps you’ll take to achieve them.

Together we’ll decide how often to review the plan, and ensure the tasks and actions are on track. Along the journey, we’ll act as an impartial sounding board to help you make decisions.

Your Succession Planning service will:

• Determine what you want from your business

• Stimulate strategic discussion around ‘what if’ scenarios

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

• Prioritise key goals and milestones

• Achieve alignment amongst owners/family members

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