Succession Planning

The future viability of small businesses is being risked as owners increasingly fail to recognise the value of an exit strategy.

As boomers approach retirement, more and more small business owners are looking to pass the reigns of leadership to the next buck, or in some instances sell the business altogether. “Many of our CEOs are baby boomers approaching retirement age,” says Kathleen Richardson-Mauro, co-author with Jane M. Johnson of “Cashing Out of Your Business”. “We’re […]

On a list of 2013 business buzzwords, ‘innovation’ and ‘disruption’ would surely rank right at the top. With such a pronounced emphasis on both concepts, it was only a matter of time before the role of CID burst onto the scene.

Alongside the normalisation of ‘corporate social responsibility’ as a business term, the idea of creating new enterprises on an ethical foundation is becoming more mainstream.

Less than a quarter of Australian organisations will have an ample talent pipeline to cover future business needs, according to a new survey.

The typical Australian family business owner is now 55-years-old. Retirement or cutting down their hours is on their radars, but very few are putting the right plans in place to make it happen.

How do you manage disagreement with your business partner? Just like couples get counselling, sometimes it’s wise to bring in external help to assist with mediation between business partners.

In the day to day running of your business you may not have had time to consider how you’re going to exit it. But you really should, as it will affect how you run it.

The Rinehart family dispute reminds us that we’re in the early days of the largest generational wealth transfer in Australian history. Here are the five things any business can do to prevent the conflict we’re witnessing playing out in the courts and public stage between the Rinehart’s.