Research from MYOB shows nearly half of Baby Boomer business owners are planning to exit in the next 1 to 5 years. But do you have a succession plan in place to guide this exit?
Would your business fall apart without you? What’s your Plan B in case of accident, illness, or just so you can take an occasional holiday? If you were thinking of selling it, what’s your exit strategy?
You’ve sold your business! But what happens now!? We’ve outlined five potential pathways your post-sale life could take, and how they help you find new goals and lifestyles.
Are you ready to sell your business? Here are six important ways to secure the best deal, through solid negotiation and a deep understanding of your core strengths as a company.
Becoming the successor to the family business is an honour – but it can also be a daunting role to take on. We’ve summarised five of the core skills you need as the head of the business.
There are specific challenges to running a family business. But by putting the right governance steps in place, you can keep the disputes to a minimum and keep the family company on track
It’s a good idea to think about your succession plan long before you need to sell. With a plan in place, you can maximise the value of the business and achieve a better outcome.
Family businesses can face challenges as they grow and need to consider long-term directions and succession planning. Good governance is critical for every business. Have you thought about what a family advisory board could bring to your business?
You may be ready to hand your family business onto the next generation. But what’s the best time to initiate this transition from one generation to the next. We have the lowdown.
The federal government has announced its intention to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 million in super will be affected.
Have you thought about how artificial intelligence (AI) could help your business? We’ve highlighted five ways that AI tools can streamline your company’s operations.