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Management Succession

Webinars

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.
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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
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.