Every owner eventually exits their business. It is critical that business owners develop detailed exit strategies that manage both when and how to leave their business. PKF’s succession planning process develops individually tailored exit plans for business owners. We understand that building, developing and managing a business is more than simply a job. That is why we aim to ensure that when you do exit:

»   Your financial rewards are maximised
»   Your business is ready to continue successfully
»   Your transition from business owner is a smooth and natural progression

The Needs of the Owner; the Needs of the Business - Understanding Both
At PKF we recognise that personal and family interests are always at stake. This is regardless of whether the business is being passed onto family members or sold to an external party. Your PKF adviser will spend time with you to understand the needs and expectations of you and your family. The succession plan that we develop with you will balance your personal circumstances with the needs of the business.

Starting to develop a succession plan during the years before you plan to exit, when there is no immediate pressure for answers or action, allows you sufficient time to fully consider every available option. Confidence in your succession plan and its ability to facilitate a smooth succession should remove much stress from the time of your exit, allowing you to concentrate on personal changes.

Consulting
The successful implementation of a business succession plan requires the expertise of more than one person. PKF business succession advisers have experience in all areas of succession management. This includes tax, valuation, financial planning, business improvement consulting, and financial statement analysis. Your PKF adviser acts as both your primary adviser and the bridge between you and experts at PKF and other external consultants as required; ensuring that your succession plan is meaningful and successful in financial and non financial ways.

For more information Contact Us at one of our PKF offices or download our Succession Management brochure. To speak directly with a Succession Planning expert, see our profile page and to stay up to date with the latest information see our Succession Planning related newsletters.