Management Succession

Build a career path for your people and a succession path for yourself.

Adding people to and moving people around within the management team is a natural consequence of business development but can be disruptive. Planning ahead and documenting the planning process, makes the transition more predictable and therefore less disruptive.

Clearly a key factor of transitioning yourself out of the business relies on having strong team members to take over. This may mean bringing on additional staff, but a good succession plan will seek to promote from within where possible, rewarding loyalty and making the most of people who already know your business well.
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Planning your succession and documenting said plan encourages a smooth and predictable transition. Find out how you should determine who will run your business after your exit.

What will you get from this webinar?

• A complete understanding of why composing a succession plan early is necessary
• Knowledge of the necessary components of an effective succession plan
• An understanding of how to identify and recruit suitable potential successors

Dr Craig West

Founder & Chairman | Succession Plus

Dr Craig West is a strategic accountant who has over 20 years of experience advising business owners.

With a background as an accountant in practice and two master’s degrees, Craig formed a strong view that the majority of business owners (and often their advisers) were unprepared and unaware of the steps required to prepare for exit. He then designed and documented a unique 21-Step Business Succession and Exit Planning process to assist owners and their advisers in navigating this process.

Craig now acts as a strategic business and financial mentor for mid-market business owners. Craig has written four critically acclaimed books educating business owners on employee incentives, succession planning, asset protection, and exit strategies. Additionally, he has completed doctoral research on Employee Share Ownership Plans (ESOPs) for succession.

Craig is a Member of the Forbes Business Council where he leverages his extensive experience to contribute valuable insights on helping business leaders navigate the complexities of growing and exiting their businesses.

In April 2024, the Exit Planning Institute admitted Craig to the International Exit Planning Circle of Excellence.