Succession Planning

"It is never too early to plan for what’s next."

Whether you want to leave the business as a legacy for your family, have it as a passive income stream or sell to realise its net worth; preparation and immediate, decisive action is key to successful succession.

Crewe Sharp Succession Planning is the first step in the journey to funding retirement and preparing your legacy in a professional and efficient manner.

Few Plan. All Should

In Australia, family and privately owned business account for some $4.3 trillion of wealth. It is predicted that 81% of owners of family businesses plan to retire over the next ten years. Yet the vast majority have not planned or agreed the succession of ownership, leadership or management of their business, leaving them vulnerable and at risk.

Continuing the Business

Crewe Sharp Succession Planning ensures the continuity of the business, whether for intended reasons, such as retirement or sale, or unforeseen events such as death, total permanent disability or incapacity you need to be prepared.

Its Your Legacy

You’ve worked hard to build your business; you owe it to yourself, your family, staff and customers to make certain it is well managed once you relinquish the reins. Whether you choose to exit from ownership or change leadership, you need to plan your strategy and the funding for your retirement.

Start Planning

Crewe Sharp starts by evaluating your position, not only in terms of business’ goals and objectives, but also understanding the owner’s personal needs. Then we look at the preparedness of all stakeholders for succession.

Succession Management

In managing your succession plan, there are three primary considerations:

Risk Management

for the business and your estate

Project Management

ensuring the establishment of appropriate timeframes, documentation and skill sets

Stakeholder Management

identifying, communicating with and managing stakeholders (including dissent management)

Succession Planning is key to the ongoing success of your organisation and your future income. Talk to Crewe Sharp today for professional, experienced and unbiased advice.