Succession and Exit
Enjoy it – The Private Practice Magazine
The average amount needed to fund retirement in Australia today is at least $1 million, with 33% of business owners relying on the sale of their business to fund their retirement, it is a scary thought to think that 55% of all business exits are due to failure. So how do you sell your company successfully? Start planning your exit now! Effective succession planning takes time and involves all areas of your business, many successful businesses have not been able to achieve a successful exit due to poor planning. Selling a business successfully requires a carefully considered plan that has been implemented gradually, and is constantly monitored and reviewed.