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Succession Planning

Designed and delivered by WHK Business Growth
Workshop Duration: Half Day

It does not matter whether you are 25 or 85, understanding how to structure and manage your business is vital if you want to optimise the financial returns and successfully plan your ultimate exit from your business. This workshop offers you the tools to achieve this by understanding the different approaches to exiting businesses, and examines the critical components of successful businesses - businesses that people want to invest in and are willing to pay a premium for. Consideration is also given to key issues such as whom your potential successors are, and the perennial question of how much is my business really worth? Armed with these insights, you will be able to identify what you need to do, and when to maximise the value you achieve for your business.

Content includes:

• Introduction
• What is Succession Planning?
   
• What Pre-Planning is Involved?
• Grooming the business
• Tying in key staff / suppliers / customers
• Documenting key systems
   
• Determining the Most Appropriate Method
• Staged sale versus outright sale
• Sale to related party
• Sale to key employee
• Sale to outside party
   
• Determining the Value of the Business
• When a valuation should be done
• Summary of valuation methods
   
• Structuring the Sale
• Sale of business versus sale of shares
• Determining sale price and payment options
• Conditions of the sale

All registered attendees are entitled to a one-on-one coaching session which can be booked after the workshop.

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