Efficient Systems Create a Better Experience for Customers and You The business that leads in the race for customers is the business that has all its systems integrated and working smoothly together. A business that has an infallible billing system, acceptable customer service but has… Read More >>
The process involves the transfer of managerial control, assets, ownership and an occupation. Successors must be selected and groomed. The timing of the transition and managing the entry and exit of family members is one part of the process. Estate planning and the preservation of… Read More >>
Succession is often viewed as ‘who gets what and when’. This is but one small part of the succession process. Effective succession planning does actually involve a journey or a process rather than simply sitting down and writing a plan. Often the plan itself is really… Read More >>
Want to maximise your business wealth before you sell your business? If so, you’ll need your staff to be focussed and engaged to do this. Some possible concerns to address may be: You are not sure what your business is worth Your business is ‘owner reliant’ No formal succession plan Past staff… Read More >>
More than a few pretty graphs Xero’s Business Performance dashboard was released last week and marks the start of a new wave of Xero functionality with new, more powerful insights into the health and performance of your business.
Staff and succession case study: manufacturing business Background We recently advised a manufacturing business planning to reward employees with bonuses and successors with shares in the business. The four directors believed their business to be an employer of choice and had been discussing employee bonuses and… Read More >>
A business that runs on systems and processes, therefore reducing owner reliance, is intrinsically more valuable than one that places a significant operational reliance on owners. The pace at which technology is developing can be daunting, yet few properly understand the leverage it offers.
As boring as it may sound, your ability to analyse and control cost structures as a business owner will prove to be a valuable resource when preparing your business for sale. By analysing the cost of providing a service or producing a product enables you to identify under-performing… Read More >>
The future influences the present just as much as the past. An effective succession plan requires the analysis of the current and future situation, not only of the business but also the individual owners. To continue the analysis process, we look at #4 of 10 key issues, as… Read More >>
Business owners failing to recognise the value of an exit strategy puts the future of small business at risk! More than two million small businesses employ around 60 per cent of Australia’s total workforce. However evidence suggests that most business owners are under-prepared to deal properly… Read More >>