As you’ve learned in our earlier articles there is much to consider when it comes to business succession planning. While selling your business may be a cornerstone of succession, achieving it involves completing a multilayered process that rests on an abundance of decisions. These directly relate to how and when capital can be extracted from…
Business sale structures that extend beyond the ‘as is where is’ sale approach include alternatives that are becoming more common for high-value mining and resources business owners who aim to maximise return whilst balancing or minimising risk to achieve a successful business succession. The most successfully executed business sale transactions are those that consider the…
Research* indicates that a large number of business owners, among them those in mining and resources, are planning to exit their businesses within the next five to 10 years. Importantly, findings also indicate that on average, getting exit-ready requires three to five-year lead time.
There can be benefits for everyone when a business owner takes a long-term strategic approach to business succession. To borrow from international business commentator Simon Sinek, being in business is an ‘infinite game’ where business longevity is key. This means that for any business activity – and this includes business succession – the further you…
