Every family business enterprise must face the challenge of succession planning. With very compelling statistical information such as:
- 83% of Australian business enterprises are family businesses,
- of which 56% are facing generational change over the next ten years,
- 90% of farming families have no written plans for the future succession of their business.
Does your business fit the profile? If you answer yes, then succession planning will have many personal, family and financial benefits such as:
- Increased financial security for each generation,
- Increased communication, personal motivation and family co-operation,
- Opportunity for the family business to realise its full potential and profitability,
- Direction and clarity of goals.
To take a proactive step in this very important part of your business planning, click onto the link below and complete the business development questionnaire which will indicate if your business would benefit from the business review process. Contact our office on this matter and arrange a meeting to further discuss the issues and how we can help you.
Download Succession Planning Questionnaire
