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Management Succession


Management Succession

By , January 13, 2021

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.
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
Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.