In The Media

Giving up power is hard: just ask Donald Trump or Boris Johnson. But what can HR do to encourage a CEO it's time to make way?

Employee share schemes (ESSs) have become an important tool to recruit and retain talent, but there are complexities to the system potentially holding back wider spread use.

Early last year, national accounting, business and financial advice dmca introduced an ESS in an attempt to retain key staff members in the business in case directors retire or leave.

How can an HR director and other C-suite executives tackle the problem?

There is an untapped role for financial advisers to help business owners sell their business and understand how that can fit into their retirement plans, according to Succession Plus.

Speaking to Money Management, Craig West, founder of Succession Plus, said the way that owners were looking to exit a business had changed from focusing on money to one focused on legacy.

As technology takes over core accounting tasks, it makes sense to diversify into strategic business advice.

It’s a tough time to be an accountant. Client demand is up, but what good is that if you don’t have enough staff to service it? Not to worry. We’ll all soon be out of a job anyway thanks to AI. That is, unless we start thinking more strategically about our true value as accountants.

It’s not compliance, and it’s not tax returns

Succession Plus specialises in providing proactive, focused and strategic advice for small to medium business owners to prepare their businesses for an exit strategy. Their Accredited Advisers understand where to make short and long-term improvements in order to help maximise a business’s succession plan and sale outcomes.

The biggest wealth transfer in history is well underway, with baby Boomers exiting businesses every day – but we are only halfway thru the wave – there is a lot more to come.

Good advisers are finding they need to provide more than just transactional advice and services as Business Succession and Exit Planning is a long-term process. Owners need help to understand what their business is worth, what their exit options are, how to prepare for sale or exit and what they need to do to make sure the business, the owners and the finances are ready to go when the time is right .

Craig West's Business Succession Plus knows that business owners often have different motivations than just cash.  In this presentation to an investment audience, Craig explains the complex business of turning businesses with informal values into tradeable assets.

Succession Plus will unify its UK and Australasian divisions transforming it into a global business with former UK CEO Darryl Bates-Brownsword to lead.

With over 30 years’ experience in business coaching, business strategy and succession planning, Mr Bates-Brownsword welcomed the opportunity to work across both markets.

Craig West breaks down how to buy an established business, how to value a business, and how to plan for a successful business exit.

Craig West is the CEO and founder of Succession Plus who provides focused and strategic advice for SME business owners in business succession and exit planning. Craig is a successful entrepreneur who has helped over 600 business owners maximise the value of their business and achieve a successful exit.