Succession Plus, one of Australia's most forward-thinking and innovative companies is proud to announce that they have recently celebrated ten years in business . The company is actively working on expansion plans, into the United Kingdom
SYDNEY, AUSTRALIA / ACCESSWIRE / June 9, 2019 / Sydney Australia - Succession Plus, one of Australia's most forward-thinking and innovative companies is proud to announce that they have recently celebrated ten years in business. The company which operates nationwide, delivering seminars and working predominantly with the baby boomer generation, has never been busier and is actively working on international expansion plans, with expansion into the United Kingdom imminent.
The foundation of the company was built on the concepts and ideas of the book written by their founder Craig West entitled "Enjoy It" https://www.successionplus.com.au/enjoy-craig-west/ . Although the first of the baby boomer generation turned 65 in 2011, the baby boomer birth rate does not slow down until 2029, and the ideas and concepts behind the book are proving more popular than ever.
Many of the baby boomers have enjoyed remarkable success across a wide range of industries, but as they approach retirement, their thoughts are turning towards an exit strategy. The forward-thinking business owners are already working on designing and then implementing a Business Succession and Exit plan, allowing them to remain in control and facilitate an orderly transition, be that to family members or by utilizing other more innovative ideas. Contrary to popular misconceptions, many baby boomers are more focused on ensuring the ongoing success of their business, their customers and suppliers, rather than trying to sell for the best price.
"Enjoy it" was republished in 2018 and provides business owners with a comprehensive 21 step guide for implementing a succession model. The book has been a phenomenal success; this is the fourth reprint, and its popularity continues to grow.
One of the key concepts to running a successful business is being able to adapt, successfully implementing new ideas and ensuring that your company does not get left behind as market forces change. This also applies to the business exit market, both in Australia and across the world. Succession Plus has identified a dramatic increase in "alternative" exit models, including but not limited to the use of Employee Share Ownership Plans https://www.successionplus.com.au/employee-engagement-share-plans/. This concept involves the owners of a company gradually selling down their equity to key members of staff; some people may think of it as a more structured management buy-in. Using their knowledge and expertise within the industry, Succession Plus now has the capacity to link leverage (through a debt facility) to the Employee Share Ownership Plan with the aim of accelerating the sell down.