Succession Planning for Small to Medium Businesses - Succession Plus

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Succession Planning for Small to Medium Businesses


Succession Planning for Small to Medium Businesses

By , March 29, 2018

The following infographic features the succession and exit readiness of small to medium businesses in Australia based on a recent survey we’ve conducted, and highlights the following key stats:

          33% of business owners and managers expect to employ more people in the next 12 months.
          35% of businesses surveyed had a business succession and exit plan.
          46% of businesses would consider selling equity in their business to employers. 

If you want to know more about business succession and exit planning or to understand how to utilise Employee Share Ownership Plans as a business succession tool, please call us on 1300 665 473 or send us an enquiry and we will be in touch as soon as possible.

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.