What does succession planning mean to you? Unsure? This blog takes a closer from a small business owners’ perspective, explaining why it’s never too early to start planning. It also includes a process and key questions to help guide your thinking.
Have you made your personal will? Probably; after all, it’s the right thing to do, isn’t it? So why do so few business owners do the same thing for their Company? You want your children to inherit your wealth without undue hassle. But how much thought have you given to who inherits your business; and […]
A Family Affair – Hand Over Amongst the most significant challenges in the lifetime of any business is when the baton is passed from the current leader to their successor. Succession naturally comes with complications and an inevitable, but hopefully temporary, sense of instability for all parties. Employees, current management, previous management, buyers, suppliers and […]
Research for the Department of Business Innovation and Skills, published in May 2014, estimated that there were over 850,000 family businesses in the UK – 71% of all SME’s. Whilst there are differing views on the precise definition, and consequently number, of “family businesses,” they are undoubtedly a major component of the UK business economy. […]
“Affairs are easier of entrance than of exit; and it is but common prudence to see our way out before we venture in.” Aesop Author 620 – 560 BC Having established a solid business, which still has plenty of potential to grow further, how and when should you implement strategies for grooming the business for […]
A business owner of an engineering consultancy, in his late 50s, called in CMC to help to move his business to the next stage, with a view to succession. Over the following year, they produced a substantial increase in profitability – from breakeven to £300k profit on a turnover of £2.0m! How we helped with […]
Reading, Basingstoke and Wokingham To find out more or arrange an initial appointment, contact Tony: Tel: 01844 319286 or 07774 982596. Tony is an innovative management consultant and business advisor with a successful record in change management, strategic planning, succession planning and marketing. Helping business owners in Reading, Basingstoke and Wokingham Tony works with business owners and […]