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FOR A BUSINESS OWNER<br />
Assign team<br />
to <strong>transition</strong><br />
business<br />
Transition<br />
business<br />
Decrease<br />
business<br />
involvement<br />
Retirement<br />
& freedom<br />
NEW SHAREHOLDERS<br />
Establish<br />
a living and lasting legacy<br />
BEGIN WITH THE END IN MIND<br />
Planning is essential to enable a successful outcome. As a business<br />
owner, it’s important to ensure that all the elements are in place to<br />
achieve the best result.<br />
Many businesses fail to sell for a variety of reasons:<br />
• Financial performance<br />
• High levels of risk and volatility<br />
• Marketplace conditions<br />
• Inadequate management team<br />
This document outlines some of the key aspects needed to consider<br />
and prepare for the best outcome.<br />
“<br />
“<br />
Coming together is a beginning.<br />
Keeping together is progress. Working<br />
together is success.<br />
- Henry Ford<br />
However good our futures research may<br />
be, we shall never be able to escape<br />
from the ultimate dilemma that all our<br />
knowledge is about the past, and all our<br />
decisions are about the future.<br />
- Ian Wilson<br />
“<br />
“<br />
“Place a priority on discovering what a win looks like for the other person.”<br />
- Harvey Robbins<br />
TRANSITION PLANNING GUIDE 3
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