Succession and Exit

Setting Your Goals For A Business Exit

Every business has a finite lifespan. Some may last for decades, and some may only last a couple of years. As the owner of a business, the life of your business is likely to be strongly aligned with your own life goals and personal plans for the future. When the time comes to sell up,

2022-09-14T09:11:17+12:00September 14th, 2022|Succession and Exit|

Business Exit Strategies (With Examples)

I’m sure you’ve heard it before, but its advice worth repeating: every business should have an exit strategy. If 2020 has taught us anything it’s to expect the unexpected – who knew that life’s curve balls could include a worldwide pandemic? Businesses with an exit strategy are undoubtedly better positioned to roll with the punches

2020-11-04T15:37:43+12:00November 4th, 2020|Succession and Exit|

Success And Succession Planning

Family-owned businesses play a fundamental role in the global economy – but there are challenges to ensuring that their success continues from generation to generation. The list of the top 750 family businesses globally released by family capital in 2019 has many familiar names with a long history of family ownership: US company Walmart, founded

2019-08-07T11:20:13+12:00August 7th, 2019|Succession and Exit|

How Long Can You Afford Not To Work?

People in small business today, especially start-up business owners, often struggle to balance work and family pressures. A typical scenario involves starting work early in the day, finishing late, spending dinner with family and then working late into the night to complete accounts, pay bills, quote on jobs etc. Is this you? One of the

2018-10-18T11:31:02+12:00October 18th, 2018|Succession and Exit|

Succession Planning For Farmers

Is your will your farm succession plan? Unfortunately for many privately-owned farming enterprises, the preparation of their wills is their only attempt to address family succession. According to recent research, only 50% of farming enterprises have started to discuss succession, let alone prepared an effective succession plan. We all know succession is a complex and

2018-08-30T11:09:00+12:00August 30th, 2018|Farm Accounting, Succession and Exit|

Safeguarding the Future of Your Business With A Succession Plan

Tim Livingstone explains why every business should have a succession plan in place and what business owners should consider when developing one. Although studies show that businesses with succession plans experience higher growth and have a higher survival rate than those without, over half of New Zealand SMEs don’t have any succession plan in place.

2020-10-19T13:23:27+12:00November 1st, 2016|Succession and Exit|

Exit Strategies: Critical For Every Business

While small- to medium-sized businesses make up a large and thriving part of New Zealand’s economy, statistics indicate that the majority of SMEs are missing a vital part of business strategy: an exit plan.  Research such as that conducted by the MYOB Business Monitor finds that less than 40% of small- to medium-sized businesses have

2020-05-28T10:01:44+12:00August 27th, 2015|Succession and Exit|