The Art of Business Succession Planning Who will fill your shoes Cover Image

E-book

The Art of Business Succession Planning [electronic resource] : Who will fill your shoes / Craig Holland.

Summary:

As the majority of baby boomers retire over the next five to 10 years, succession planning will be vital for the long-term survival of many businesses. Australia is about to see a huge transfer of wealth from the baby boomer generation, yet many businesses, particularly family-owned businesses, struggle to ensure a smooth transition of business management and ownership. Myriad studies show that fewer than 30 per cent of private businesses have an achievable succession plan in place. Most business owners do nothing or they choose to focus on one area in the succession planning process such as t.

Record details

ISBN: 9781118319581 (electronic bk.)
ISBN: 1118319583 (electronic bk.)
Physical Description: 1 online resource.
Publisher: Hoboken : John Wiley & Sons, 2012.

Content descriptions

Formatted Contents Note:

Cover; Contents; Title; Copyright; Foreword; About the Authors; Introduction; Chapter 1: The Art is in the Planning; A Multi-Pronged Approach; Challenges for Owners of Closely Held Businesses; Delaying the Succession Process; Getting Started; Chapter 2: The Role of the Adviser; Choosing an Adviser; A Team of Advisers; Chapter 3: Getting the Business into Shape; Business Strategy Assessment; Structuring your Business for the Future; Business Valuation; Chapter 4: People and Management Issues; Management Development; Successors Must be Groomed to Succeed, not Set Up to Fail.

When there is More than One Successor Family Issues versus Business Issues; Communication; Management Talent Assessment and Development; Chapter 5: Family Issues; Family Councils; Larger Family Businesses; Chapter 6: Personal Wealth Management; Planning into Action; Investment Strategy; Chapter 7: Transfer of Ownership and Financing Options; Funding the Exit; Ownership Transfer Options; Shareholder Agreements; Chapter 8: Business Tax Issues in Succession Planning; Capital Gains Tax; Chapter 9: Contingency Planning: Business and Personal; Disability and Contingency Planning; Conclusion.

GlossaryAppendix A: sample Strategic Business Plan; Appendix B: Further References; Australian Deloitte Offices; Index.

Source of Description Note:

Description based on print version record.