In The Media

Succession Plus, an advisory firm specialising in business succession and exit planning for Australian SMEs, is expanding its operations into the US.

Succession Plus has announced the appointment of Amreeta Abbott as a shareholder and board member, following the sale of her NowInfinity business for $25 million to Class.

Abbott and her colleague Vitalii Symon, former chief technology officer, both departed the cloud solutions provider to “pursue other projects” following the integration of the business into Class, which was first announced in January.

In this episode of Safe Space with Francesco Lombardo, Craig West talks about the challenges in family business transition and the three key things family business owners should focus on to achieve a good outcome.

Succession Plus, one of Australia’s most forward-thinking and innovative companies is proud to announce that they have recently celebrated ten years in business. The company is actively working on expansion plans, into the United Kingdom.

Planning for the future when it comes to business, farming and your estate is one of the most important plans to be made and shouldn’t be taken lightly. Succession planning will ensure the future of a business owner’s or farmer’s greatest asset. Wagga solicitor Maggie Orman is passionate about helping farmers and business owners implement a plan to ensure future success.

This episode will have Craig West explaining about how best to plan for the unknown and manage some of the challenges not only family businesses, but all small businesses face in a disruptive market.

Having the correct sales and marketing strategies in place can assist not only increasing your profits, but in maximising your Business Valuation.

On this episode of the Marketing Strategy Show we discuss the best sales and marketing strategies you need to have in place to maximise the value of your business as well as grow profits.

Sentry Group chief executive and chairman Murray Hills said the national licensee group had noticed succession planning was a significant challenge for Australian small to medium enterprise (SME) owners, particularly among the baby boomer generation.

“The depth of challenges facing baby boomers seeking to retire in the coming years is enormous, with the greatest [concern] being that of trying to sell a business in a buyers’ market,” Hills said.

Aligned product providers and competitors would see the most strategic value in purchasing a financial planning business and therefore should be considered as part of a business owner’s succession plan, according to Succession Plus.

Robust risk management and governance processes are cornerstones for financial planning practices seeking to develop and fulfil a succession plan for their businesses.

Speaking at the Succession Planning Day 2016 in Sydney, jointly hosted by Succession Plus and financialobserver, Succession Plus New South Wales partner David Cambridge said the most successful enterprises had and followed set processes.

The employee compensation practices of publicly listed companies are of great interest to employees, investors, business media and researchers alike.

They are also influential in shaping public expectations and by extension, the policies and practices of private companies.

In the third quarter of 2012, there were 20,000 businesses throughout Australia up for sale. Six months later, it was 32,500 and by the end of 2014, the number hit 41,200.

Some are calling it the sell-off of a generation; too many Baby Boomer sellers entering their mid to late 60s, wanting to get out of their respective games.