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Adviser Masterclass Series: Why Succession Planning?

Succession Planning

Adviser Masterclass Series: Why Succession Planning?

By , February 20, 2018

Market research and trends and The Psychology of Succession

Why do Employee Share Ownership Plans work? Thumbnail

One of the largest issues faced by Australian small and medium business owners is dealing with their Business Succession and Exit Planning.

The large numbers of baby-boomers approaching retirement (5,000 people turning 65 in Australia every week) means that those who own businesses need advice and support as they approach this huge milestone, and need to prepare their business, their personal financial situation and their family, employees, clients and suppliers for their exit.

This program has been designed specifically to give advisers the tools and techniques they need to have the right conversations with business owners, guide them thru the process and help them to maximise the value of their business and achieve a successful exit.

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Craig West

Craig West

Executive Chairman | Succession Plus

Craig West is a strategic accountant with over 20 years of experience advising business owners. His background as a CPA in public practice has provided invaluable experience in the key issues of concern to business owners.

In March 2014, Craig was appointed Executive Chairman of the SME Association of Australia, Australia’s largest small business organisation representing over 300,000 business owners.

In October 2014, he was awarded the Exit Planner of the Year at the Exit Planning Institute Annual Conference in Texas, USA, due to his innovative development of an exit planning process to help business owners maximise business value and achieve a successful exit.

Craig’s proprietary structure - a Peak Performance Trust - has won the Australia-wide award for the Employee Share Ownership Plan of the year twice in four years.

In November 2018, Craig launched SME Experts in partnership with Mark Bouris’ Mentored on Podcast One and quickly grew the monthly podcast audience to over 26,500 downloads; in October 2019, he released a new podcast focused on medium-sized businesses - Mid-Market Matters.

In July 2021, Craig joined the NSW Committee for STEP (Society of Trust & Estate Practitioners) – focusing on advising families across generations.

Craig has also launched a SaaS platform, Capitaliz (which captures the 21-step process), to assist other advisers internationally deliver advisory services at scale.

In November 2021, Craig was appointed Executive Chairman of NSW Leaders, a business mentoring group for leading NSW businesses.

In July 2022, Craig West received the award of Doctor of Business Administration for his research thesis titled “Examination of the key factors driving business exit options in Australian Small and Medium Enterprises.”

Craig is passionate about encouraging business owners to think strategically, maximise the value of their business and achieve a successful exit.

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