Posts tagged "succession planning for small business"

Succession planning is a way to help younger generations take control, often more gradually. These families set up, acquire and manage family businesses in parallel over a long period of time. This provides a training ground for younger generations.

The average age of a mid-size company owner in Australia is 57–75 years old, and yet over 75% of them don’t have a succession plan.

For many baby boomers, retiring will involve selling their businesses. But many Australian entrepreneurs aren't preparing for this inevitability.

One of the critical stories underlying the broad points in the 2015 Intergenerational Report is the burgeoning numbers of SMEs that are chan…