Succession Planning: Preparing to hand over control of a business, also referred to as business transition planning. This body of knowledge, developed by Ernst & Young Australia and funded by the Australian Government under the Building Entrepreneurship in Small Business Program, is aimed at helping small business Australia identify and address the critical factors involved in effective business succession planning.
Introduction to Succession Planning
Good business succession planning will help you to:
- Maximise the value of your business.
- Unlock that value by enhancing the marketability of your business.
- Exit your business with maximum profitability and the foundations laid for its continued success.
The statistics show that only around one quarter of small businesses take it seriously. The Small Business Succession Planning program is a nationwide initiative to raise awareness of the vital importance of small business succession planning.
For further information regarding the Succession Planning Programme, please call us on 1800 048 855 or email sbsp.administrator@au.ey.com
This Small Business Succession Planning program is an Australian Government–funded initiative under the ‘Building Entrepreneurship in Small Business Program’
