This week's podcast is a must for every collision shop owner. Having an exit strategy is vital for your future and the future of your business.
In this week's episode find out how can you structure your business so you’re ready when it’s time to sell. Craig West has the answers! Having spent 20 years as a strategic accountant, Craig now specialises in advising business owners on succession planning. Takeovers can happen very quickly in the collision repair business, so you need to be ready. Even if you have no intention of selling, West outlines why it’s a good idea to tidy up your business to maximise the sale value.
In this week’s episode you will learn:
-When is the right time to start exit planning?
-The difference between “a business” and “a job”
-What people need to know when they’re taking over a business
-How to make your business robust
-What drives value?
-Why you don’t need to exit a business after you plan it
-Why a business sale isn’t all about the money
-Can you do succession planning on your own?
-Who are the best people to turn to for succession planning advice
-How to get the best out of tax concessions
-Employee share ownership plans
