Efficient Business
Succession to Manager
Business succession planning is a critical strategy for ensuring the longevity and stability of a company.
We specialise
in the transfer
of leadership management
We specialise
in the transfer
of business ownership
Business Succession Planning
Business succession planning is a critical strategy for ensuring the longevity and stability of a company. It involves preparing for the transfer of leadership and / or ownership to ensure the business thrives beyond the tenure of its current leaders.
Business succession planning is an ongoing process that should complement your QMS and OHS management systems and metrics. By taking the time to integrate a succession plan, you can secure the future of your business and enable a seamless transition to new leadership or ownership and retain the core values and prosperity of the business.
Here are some key points.
Transfer of Leadership
Succession Planning
Succession planning is a business strategy for passing leadership roles from existing business owners or managers to the next generation of management, or from Department Manager to a team leader.
Strategy
The strategy is used to ensure that businesses run smoothly after the current manager retires or starts the transition to retirement or takes up an alternative role.
Upskilling
Succession planning involves upskilling employees to help them develop skills, knowledge, and an understanding of the business.
Plans
Plans can be long-term, which are meant to account for future changes, or for emergencies whenever anything unexpected arises.
Transfer of Ownership
Maximise Value
through a well-structured succession plan, also making the business more attractive to buyers or investors.
Risk Reduction
as the business is prepared for the change of ownership and leadership and reduces the potential for staff to be concerned about their future.
Due Diligence
information for is readily available and accurate.
Identify Potential Buyers
or investors and their strategic fit with your business.
Employee Commitment
knowing there is a chance for advancement and possibly ownership, which can lead to more empowerment and higher job satisfaction. Knowing there is a plan for future reinforces employees’ career development.