Succession Planning Strategies - Succession Plus

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Succession Planning Strategies

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Succession Planning Strategies

By , February 14, 2017
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The preferred Business Succession and Exit planning strategies for business owners are many and varied – they can be as simple as passing the business on to the eldest child, selling the client list or database to a local competitor or they can be far more complicated (and more likely to maximise value) such as implementing an Employee Share Ownership Plan (ESOP), attracting private equity investment to fund expansion through acquisition and growth, identifying and “nurturing” a strategic buyer, or even listing the business on a stock exchange (IPO).

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.