Succession Planning

Putting the ‘Success’ in Succession Planning

Business Succession Planning

Crafting Your
Business Legacy

Sell, split, surrender, or just plain shut up shop — there are plenty of options when it comes to transitioning the leadership or ownership of your business, and truth be told — none of them should look like an episode of HBO’s Succession.

Whether you’re planning to move on, retire, sell up, keep it in the family, or run away to Bali — we can help you create a succession plan that works for you with the right systems and structures in place so you can decide what’s next.

Develop Your Succession Plan - Business Succession Planning
What Is Succession Planning - Business Succession Planning

Continuity, Transition & Handover

What is
Succession Planning?

Succession planning is a critical strategy for safeguarding the future of your business by ensuring continuity and stability. It’s about creating a roadmap for the future that aligns with your long-term goals, both in the business and outside of it.

Maybe it looks like identifying potential future leaders within your company and giving them the necessary training, or perhaps it’s about establishing clear guidelines for ‘what happens in the event of x,y,z’. By proactively coming up with a succession, transition or handover plan, you can help protect the legacy of your business and ensure that your vision endures and evolves.

Continuity, Transition & Handover

What is
Succession Planning?

Succession planning is a critical strategy for safeguarding the future of your business by ensuring continuity and stability. It’s about creating a roadmap for the future that aligns with your long-term goals, both in the business and outside of it.

Maybe it looks like identifying potential future leaders within your company and giving them the necessary training, or perhaps it’s about establishing clear guidelines for ‘what happens in the event of x,y,z’. By proactively coming up with a succession, transition or handover plan, you can help protect the legacy of your business and ensure that your vision endures and evolves.

What Is Succession Planning - Business Succession Planning

Selling Your Business

Thinking Of Selling Up?

Having guided the sale of many businesses, on both sides of the ledger, our experienced team can help you formulate a plan to maximise the relief and minimise the turmoil of succession planning.

Here’s what it could look like if you are thinking of selling your business:

Identifying Your Power Players:

Start by spotlighting the core functions in your business—the ones that keep the wheels turning and the deals flowing.

We help you pinpoint these key positions and craft a plan that keeps your business running smoothly with or without you at the helm.

Tailored Growth Pathways:

Don’t just hope for the best — plan for it.

We show you how to nurture your chosen successors, equipping them with the skills, knowledge, and confidence to take the reins.

Scouting the Talent:

Not just anyone can fill your shoes. We help you identify who among your team has the sparkle and spirit to take the lead, or look outside the four walls, to prepare a lineup of candidates ready to rise to the occasion.

Want a 1:1 strategic consultation with one of our experienced business advisors about succession  planning in your business?

Book a Slice of Advice today:

Business Closure or Liquidation

Mastering
the Graceful Goodbye

Deciding to close your business can be a difficult decision, but it’s possible to do it with style and grace.

If you know the time is near, The Women’s Accountant can help you close or liquidate your business in a number of ways:

🧐 Voluntary Closure — A Classy Exit:

Sometimes, the show just can’t go on. Whether you’re retiring or simply ready to start a new adventure (or cut your losses!), we can ensure your business closure is as smooth as possible. Handling everything from finalising your accounts to connecting you with the right people to get your legal ducks in a row, we help you exit stage left without a fuss.

 

🫗 Liquidation — No Loose Ends:

If you’ve looked at the books and decided it’s time to liquidate, let’s give your business its grand finale fireworks show. We help you convert all assets to cash, settle your debts like a boss, and close the books in style.

Our team ensures every step is clear, transparent, and dignified, leaving no loose ends or lingering headaches.

📴 The Wind-Down — No Looking Back:

If you would prefer to take your time, we can help you scale down operations smoothly, fulfil remaining commitments, negotiate any exit strategies and even advise on employee transitions.

Let’s make sure every last detail is handled with care and respect without it turning into a John Farnham-esque farewell tour.

“I had known I wanted to sell my business for a little while but wasn’t sure how I was going to extricate myself from it without making a complete mess and ruining years of hard work! Emma helped me plan, step-by-step, my departure and even though I didn’t retire in the Bahamas - despite her recommendations - I am definitely enjoying life-after-business!”

– Maureen K., Wollongong

Business Legacy Planning

An Experienced Team
at your Service

Endings should honour your business’s legacy as much as its beginnings. We are here to guide you through the sale, closure or liquidation of your business with support, empathy, and strategy.

Offered as an additional service to our core packages, find out more about
Succession Planning with
The Women’s Accountant.