Succeeding with succession planning
A key pillar of a successful advice business is having a robust succession plan. Executed well, a succession plan can be a powerful tool for boosting the value of your business, retaining strong performers and ensuring that your clients will be well looked after upon your exit from the industry.
Sign up to our four-part email series to learn more about the options available to you and to put you on the path to succeed with your succession planning.
Sign up to our four-part email series to learn more about the options available to you and to put you on the path to succeed with your succession planning.
WHAT TO EXPECT FROM THE SERIES
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Part 1: Understanding your options for successionSuccession planning is critical to safeguarding and realising the value of your advice business. Discover the options available for succession and the key factors to consider when devising a succession plan.
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Part 2: How to determine the value of your businessThere are many factors to consider when trying to calculate the value of your business. Some aspects are less tangible than others and will be trickier to assign a price tag. But this is an important exercise to go through as you plan for succession. In Part 2 you will find out how an advice business is typically valued.
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Part 3: How to find a suitable successorFinding the best fit in a successor is dependent on your intended outcome. In Part 3 we share tips for finding a like-minded partner in either a true successor, a continuity partner or a buyer.
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Part 4: The ins and outs for developing a succession strategyDeveloping a strategy for succession is not as daunting as it may seem when you know what you want to achieve. In the final part of the series, we share tips for developing a strategy for succession.