Planning your getaway – My Business Magazine May (2005) - Succession Plus

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Planning your getaway – My Business Magazine May (2005)

Succession and Exit

Planning your getaway – My Business Magazine May (2005)

By , February 18, 2015

Selling your company without a well-considered strategic plan could mean the value of your business retires when you do. For many Australians, their business is their second largest asset behind their family home – yet most business owners leave their succession strategy to the last minute. Not surprisingly then, over 55% of business exits are failures. Craig West outlines nine steps you can take to successfully sell your own business.

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.