More often, practitioners are not ready and are not organised for their practice succession.
A driving force for many practitioners during their practice succession journey is to ensure their loyal clients and hard-working staff are well looked after and, at the same time, maximise the financial benefits for the firm's partners and principals.
Our Succession Ready Guide will help you address all these issues and, importantly, provide:
Peace of mind: Having a Succession Ready Guide prepared for your business will give you peace of mind, as you will know that you have a clear plan in place for your practice succession.
Value improvement: We will conduct a thorough analysis of your business and identify a range of areas for you to address in the lead-up to your practice succession that will enhance the value of your business.
Market valuation: We will provide a comprehensive analysis of the market value of your practice and what it is worth today between a willing buyer and seller.
Succession readiness: Going through the process of gathering all the required information and having your Succession Ready Guide prepared will ensure you are well advanced in achieving a successful practice succession.
In preparing your Succession Ready Guide, we conduct a deep analysis of your practice, including:
Organisational analysis;
Resource analysis;
Client analysis;
Operational analysis;
Financial analysis;
External analysis;
Market valuation; and
Succession ready recommendations and timetable
Assuming you are 3 -5 years away from your practice succession, you have the timeframe to devote to some targeted strategies that will significantly impact the value of your business.
After building your business over many years and servicing many families, friends, business owners, and individuals, now is the time to take a considered and planned approach to ensuring your practice succession is a success.
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