SME Bucks Trend with ESOP C-MAC GWP Magazines Dec (2011) - Succession Plus

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SME Bucks Trend with ESOP C-MAC GWP Magazines Dec (2011)

ESOP

SME Bucks Trend with ESOP C-MAC GWP Magazines Dec (2011)

By , January 22, 2015

Succession Planning is the number one issue among business owners, and when asked what keeps you up at night, owners stated that employee engagement, or lack thereof was a major concern.  Employee Ownership Share Plans (ESOPs), otherwise known as employee share schemes are a vehicle to successfully exit your business and simultaneously improve employee engagement. The benefits of employee engagement, as Steve Grlyak from C-Mac Industries stated “People are now saying ‘us’ instead of ‘me’…” This change in thought has been found to improve efficiency, increase motivation and reduces staff turnover.

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.