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HR national helps successful company owners maximise asset value as they plan for the next generation of their company.
The decisions you make now are crucial even if you are not planning to retire immediately. We can help, whether you are planning to sell your business; pass it along to children, partners or key employees; or if you’re still deciding what you want to do.
HR national helps clients prepare structures for their business to achieve the best succession conditions. Businesses are usually sold based on a multiple of earnings, the underlying asset value, or some combination of both. HR national helps business owners impact these triggers by:
Increasing earnings to increase company value
Improving the predictability of earnings without the owners present, to increase the earnings multiple
Increasing the underlying asset values within the business
HR national helps you plan for and prepare to sell your business in the next 24 to 48 months.
If you have a family-owned business that you hope to pass along to key employees or family members, you’ll want to maximise the value of the business for yourself, and for the next generation.
Preparing the future owners to take over is an important process that need not be overlooked. Gaps in skills and mentoring will need to be stabilized so that the customer experience of value and company profitability are maintained when the new owners take over. in short, we help you make sure your business is built for long-term success and smooth succession.
Do you need help with your exit strategy?
Understanding succession will provide the following insights:
Defining an exit strategy for yourself that allow you to pass along a thriving business for the next owners
Determine how to maintain your own income from the business as you take on new partners
Define hiring, compensation and performance management systems to ensure that you bring on the right people to lead the company in the future
Discuss succession planning with existing partners and have a clear understanding of each partner’s personal needs and retirement plans
If your children will be assuming control of the business one day, to what extent have you mapped out the transition?