Succession Planning

Future-proof your business with PCR’s Business Succession Planning services

When should corporate succession planning begin for your business?
When you start it! When building your business, you should do so by considering how it will run without you. This can be done by planning for succession from the beginning.
—— Future-proof your business

Regardless of when you start thinking about it, planning for it is vital.

We use succession plan strategies to help you understand your options and reach your goals.

Your business has your blood, sweat and tears poured into it (in most cases, literally). So it is imperative to create a plan to transition the business into a new life without you. We understand this can be hard, as a lot of people have a business longer than they have children living at home. Itis a large part of your life and you want to make sure it’s looked after.

We will tell you the truth even if you don’t want to hear it because, even if it isn’t great to hear, we will be able to help you build a plan to exit or grow to exit if that is required.
The best day to start thinking about a management succession plan for your business is today. It is never too early and should be part of your strategic plan for the business.

Corporate succession planning 101

We help you identify an individual or a talent-pool of people who are a good fit to take the reins of your business. Whether it’s a family member, employee, business partner or outside buyer, we work with you to make sure they have the skills and experience to do the job.

Knowing how much your business is worth is essential. We help you value your business early and regularly. While it may change substantially before you plan to leave, a good valuation will assist with your succession planning.

When you undertake succession planning with PCR, we make sure your business won’t be left in distress. We work with you to highlight any possible financial or operational issues that may be present before you handover and help create a process to resolve them.

You can’t be expected to know the legalities of succession planning, that’s why we’re here. We make sure you understand the legal requirements in relation to new ownership and help you identify any structural changes that may need to take place.

Our team work with you to set a realistic timeline for the transitions to take place. Nothing happens overnight, and nor does succession planning, so we help you consider the transfer of responsibilities and ownership to allows for a smooth process.

Succession planning requires significant time, detail and consideration. The best course of action when succession planning is to consult a professional. Our team at PCR will assist you in future-proofing your business.

Regardless of when you start thinking about it, planning for it is vital.

Our understanding of succession planning best practices and succession management means we can help you explore your options and discuss what you want to achieve.
 

PCR's team of succession planning consultants will:

 Provide honest, no-nonsense advise and coaching and promise to tell it like it is.

Use succession plan strategies to help you understand your options and reach your goals.

Create a succession plan that keeps your business thriving when you’re not at the helm.

Don’t let your ambitions down with a poor approach to succession planning, implement a strategy to protect your business today, so you can feel in control and confident moving into the future.

Simply get in touch with PCR Accounting & Advisory today and ask us how our family business succession planning services can future-proof your business.

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    PHONE:

    Melbourne: 03 9847 7516

    Morwell: 03 5134 1778

     

    ADDRESS:

    Suite 98, Level 27/101 Collins St, Melbourne VIC 3000

    26 Buckley Street, Morwell Vic 3840

     

    EMAIL:

    hello@pcr.accountants