Business Succession

EPL - Business Succession “Handing over the baton is a process, not an event.”

At Advisory.Works, we believe that true succession is about empowering a business to operate independently of its owner – but then hasn’t this always been the dream?

Our team of experienced business consultants and strategic partners will walk alongside you, supporting your business leadership as you go through this challenging business progression.

We’ll work with you to determine where you are in your business lifecycle and understand your readiness, preparedness, desired timeframe and what you consider the broad options to be, from sale to growth, mergers, acquisitions and GM appointments.

Regardless of whether you are selling or just exiting yourself from the daily business, the uncertainty and emotional charge of a transition of leadership can be the greatest challenge your business will face. We’ll work with you to:

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

We’ll help you to:

  • Develop a vision and 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
  • Develop strategic succession goals, timeline, measures and a path to achieve them
  • Determine short-term actions to improve key areas, seek opportunities or mitigate risk

We work alongside you to assist you to:

  • Increase the value of your business to attract a higher multiplier for sale.
  • Provide the structure that allows a business to be run under separate management.
  • Develop a vision and strategy in place to engage employees and improve future performance
  • Establish communication flows and the right metrics for visibility
  • Develop key measurement systems that drive the business and accountability
  • Increase customer loyalty with the business – not just the leader
  • Build an engaged team prepared to face the challenges with certainty
  • Work with your accountant to prepare sound financial records

If you want to put both yourself and your business in a position of choice, you need to start now. Contact us here.