Want to learn about Succession Planning best practices, understand Succession Planning basics, weigh up Succession Planning vs Replacement Planning, get a plan prepared? There are are several Succession Planing models to consider.
It’s never too early to start thinking about Business Succession Planning!
Would your business be read for succession if it happened immediately? Part of any sound business financial planning includes business succession planning.
If you answered “no” to this question iMoney Wealth Management is here to help. Our expert financial planners are Certified Financial Planners the highest level of certification in Australia. Often business succession planning tends to be forgotten about until the event is upon us. Often companies are not fully prepared for this event.
Get started now with Succession Planning by booking online or calling 13000 iMoney (13000 46566).
When developing your succession plan you need to keep the following in mind:
- Client Relationships: take substantial time to build up
- Illness: Can have a devastating impact on any small business
- Knowledge, skills and expertise: Make you knowledge base want to stay rather than work for someone else
- Leadership: In some cases, senior charismatic management will have established an environment and culture that are difficult to change.
Succession planning is a necessity that needs to be discussed among stakeholders. For neutral advice on developing a succession plan for your company iMoney Wealth Management can help.
For success with Succession Planning call iMoney Wealth Management today 13000 iMoney ( 13000 46566) or book online.