Family walking in field towards barn

Have you thought about Succession Planning?

Succession planning is the process of building a strategy for replacement or passing on leadership roles. It is used to identify and develop new, potential leaders who can move into leadership roles when they become vacant.

What will happen to your business when you leave?

Nobody likes to think about it, but it’s inevitable that one day you’ll leave your business. Whether you decide to sell up, retire, or leave due to health reasons, it’s important that you plan for that day. A succession plan will help your business transition smoothly into the next phase.

Did you know that STS are experts in Succession Planning?

Our team knows that every business is unique, and leaders/owners/families have their own personal objectives and needs. Planning to move on and transition to the next phase in your life can be a difficult and complex issue. We are not afraid to take a step back and look at your circumstances from a big-picture perspective to create the best solution for you. It is never too early to start planning for your future.

Our process is straightforward and effective

  1. We will meet with you using a specially developed questionnaire to understand your business and personal objectives
  2. We will assist you in identifying and prioritising key issues for your business, and family if relevant
  3. Develop a draft family charter (If a family business)
  4. Reach a consensus on key issues, and complete a charter or business plan
  5. Periodically engage with you for follow-up meetings to ensure accountability & monitoring of progress, on a needs basis.

If you run a business, now is the time to start your Succession Plan. Contact us today to organise a casual chat to get started.