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Exit Planning
Decide which exit strategy is best for your business…
22/11/16 - Exit Planning
A successful exit strategy is dependent on numerous elements, from what industry you work in to the nature of your business and of course, the…
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Top five tips and traps for developing an effective succession plan
06/10/16 - Exit Planning
I was recently asked what I thought were the secrets to good business succession for a family-owned business. As in most things in life what it really boils down to is effective communication.
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Family business succession strategy – communication is the key
06/10/16 - Exit Planning, Family Business
In over thirty years advising family businesses, the most successful succession plans I’ve seen have been the ones where there was solid stakeholder engagement – in other words – good communication within the family. Even if you think everyone is aware of what is going on and generally on the same page, don’t leave things to chance for people to fill in the blank spaces. Fill them in for them.
View ArticleWhat are the main barriers to effective succession?
06/10/16 - Exit Planning
I’m often intrigued when I read in the press about rather large family-owned businesses which are impacted by family and succession issues. These disputes are nothing new so why is it that they seem to raise their heads time again.
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Beginning at the end…9 step process for achieving your exit plan
06/10/16 - Exit Planning
In business management guru, Stephen Covey’s, best-selling book, The Seven Habits of Highly Effective People, beginning with the end in mind was a top habit of his. This got me thinking. Why is it that so many business owners don’t have a clear picture of what they want their business to look like when it’s ‘done’?
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