SME’s unprepared for exit, but reasonably confident - Succession Plus

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SME’s unprepared for exit, but reasonably confident

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SME’s unprepared for exit, but reasonably confident

By , May 24, 2011

Small- to medium-sized businesses are reasonably confident about the medium-term outlook, and most have managed to grow during the global financial crisis, but many remain underprepared to exit, a survey shows. A survey by accounting firm RSM Bird Cameron found more than half of SME respondents expect to exit by 2015, having put off exit plans during the GFC.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.