Statistics show that only around one quarter of small businesses take succession planning seriously. Now there is a Federal Government Small Business Succession Planning program – a nationwide awareness-raising initiative, aimed at helping small businesses identify and address the critical factors involved in effective succession planning.
Good business succession planning helps:
This preparation to hand over control of a business, also referred to as business transition planning has been developed by Ernst & Young Australia. It includes:
For further info you can call 1800 048 855 or email email@example.com
The Small Business Succession Planning program is an initiative of the ‘Building Entrepreneurship in Small Business Program’