Business Succession

Advisory.Works has helped thousands of business owners globally to simplify their business, and we can do the same for you. We will support, teach and motivate you to put in place the tools, processes and systems that you and your business need to maximise future performance. Our goal is to get you out of business as usual and into the strategically important priorities that will really drive your business forward. Select one of our world-class programmes to find out more.

We work with global thought leaders and Business Schools to constantly review and iterate our processes to keep you ahead of the crowd.

Our Strategic Business Partner is John Spence, a top 100 Business Thought Leader & Business Influencer in the USA and one of the top 500 Leadership Experts in the world.

Business Succession

“Handing over the baton is a process, not an event.”

Business succession is a natural part of the journey for a business and its owner/CEO/GM – but most leaders leave preparation for this transition until it is far too late.

They literally become stuck in their business.

At Advisory.Works we know that succession is a process, not an event. We have supported many businesses in a variety of scenarios including family succession, sale of your business or management-buy-out. Our team of experienced business consultants provide an extremely valuable resource, walking alongside you as your strategic partner to support your business leadership as you go through this challenging business progression.

We will work with you to achieve succession. Initially discussing succession with you to understand your readiness, preparedness, desired timeframe and what you consider the broad options to be. Based on that, we will then tailor and implement a proven framework to best support your business and its leaders through this process. This will exit you from the business in the best position, giving you peace of mind, while maximizing your business’s profitability or value and getting a return on investment in line with your goals.

 

BUILD A PLAN FOR SUCCESSION
We will help you to:

  • Thoroughly understand your current business position
  • Develop a vision & strategy that best positions the business past your succession
  • Develop a sound understanding of your target market, competitive advantage and brand position
  • Gain a clear understanding of the market and anticipated industry trends in the next three years
  • Develop strategic succession goals, timeline, measures and a path to achieve them
  • Determine short term actions to improve in key areas, seek opportunities or mitigate risks

SUPPORT PLAN IMPLEMENTATION
We work alongside you to assist you with:

  • Growing top and bottom line financial positions to present the best possible position
  • Implementing key structures, systems and processes so the business isn’t reliant on key personalities
  • Developing key measurement systems that drive the business and create accountability
  • Increasing customer loyalty with the business-not just the leader
  • Building an engaged team prepared to face the challenges with a sense of certainty
  • Working with your accountant, to prepare sound financial records over time

NAVIGATE LEADERSHIP TRANSITION CHANGE MANAGEMENT
We work to:

  • Develop potential leaders within the business for future succession
  • Develop the leader’s personal plan for exit
  • Support the ‘exiting leader’ to create the space for the ‘new business leader’ to lead
  • Promote the new leader, allowing them to lead the business and create a new momentum
  • If retaining ownership, then guide the set up and implementation of an effective governance framework

Click here to download our Business Succession Brochure.

If you are facing the challenges of going through Business Succession, then contact us here. Start the journey.