Some interesting findings from looking thru the 35 success factors for long lasting family business - Succession Plus

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Some interesting findings from looking thru the 35 success factors for long lasting family business

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Some interesting findings from looking thru the 35 success factors for long lasting family business

By , September 10, 2011

72 % do not have a documented buy / sell agreement – this manages the ownership of equity if someone is “hit by a bus “
82.5 % have not set a date for transfer of leadership and control to next generation.
53.5 % of owner managers of family businesses intend to keep the business “small”

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.