Succession Planning Day 2016 launch for Australian Business Owners
By: Succession Plus
SYDNEY - Nov. 24, 2015 - PRLog -- Succession Plus CEO and Founder Craig West officially launched the Succession Planning Day 2016 series in February 2016, targeted at business owners who need help and guidance in maximising the value of their business and achieving a successful exit.
West, who is also the Executive Chairman of the SME Association of Australia, stated that, "This issue alone sees a massive transfer of baby boomer wealth and hopefully that transition is planned and managed - unfortunately the statistics say this is not the case!"
"The first baby boomers turned 65 in 2011 and a lot of them have had to delay retirement post GFC, as they get older and begin to experience health problems and the like, the exit becomes more important and more urgent. The research also tells us that for most of the baby boomer business owners, somewhere between 80 and 90% of their total wealth is in assets related to the business and therefore the extraction of that wealth is extremely important to their retirement funding plans."
Unfortunately, most business owners do not have the time and energy to strategically plan for an exit and therefore either fail to maximise the value of the business or fail to achieve any exit at all.”
After the 2015 event series (which was only held in Sydney, Brisbane and Melbourne), we received great feedback from attendees and several requests to run the program again nationally - which is why we are today launching the 2016 Succession Planning Day series in February.