Succession: It doesn’t have to be a drama

With over 500,000 small and medium-sized enterprises (SMEs) in New Zealand, business owners eventually face the question of selling to a third party or passing the torch to a family member. Both options come with their own set of dramatic challenges and potential for great success. This week we join with leading experts for a panel discussion exploring the key factors SME business owners should consider when planning for succession. Our experts will discuss how to prepare a business for handover, run a successful process, obtain the right advice and bank support, appropriately value a business, and effectively manage the proceeds for the future. Join us for this engaging discussion at a time when we are starting to see more businesses transferring to the next generation.