The Journey of Succession

Succession planning is important for family businesses, small businesses, medium and large businesses, closely held businesses, privately owned businesses and a significant controlling interest in publicly listed businesses. However you describe your business, succession is fundamental in determining the ‘capital value, worth, market price’ of your business, and therefore your and your family’s wealth.

The journey of succession and orienteering your way to a successful conclusion can be very challenging. The following videos provides an outline of the eight guiding principles to achieving the right outcome for you.  

Principle 1: Succession is Not Retirement 

Principle 1 - Succession Is Not Retirement from Richard Shrapnel on Vimeo.

 

Principle 2: Start with Readiness 

Principle 2 - Start WIth Readiness from Richard Shrapnel on Vimeo.

 

Principle 3: Set Your Goals Before the Journey Starts 

Principle 3 - Set Your Goals Before The Journey Starts from Richard Shrapnel on Vimeo.

 

Principle 4: Harmony is a Must 

Principle 4 - Harmony Is A Must from Richard Shrapnel on Vimeo.

 

Principle 5: Price is Not First 

Principle 5 - Price Is Not First from Richard Shrapnel on Vimeo.

 

Principle 6: Plan Early, Start Earlier 

Principle 6 - Plan Early, Start Earlier from Richard Shrapnel on Vimeo.

 

Principle 7: Equality is Not Equal

Principle 7 - Equality Is Not Equal from Richard Shrapnel on Vimeo.

 

Principle 8: Ask Before You Get Lost 

Principle 8 - Ask Before You Get Lost from Richard Shrapnel on Vimeo.