Succession-Solutions

_Solutions

To arrive at the correct solution, Business Owners must find out and not assume because they know the Family Members or their Business Partners they can work out the answers on their own.

Over 20 years Graham Connolly has concluded "No two Business Owners are the same because everyone has their own values, wishes for the future."

To find the correct solution for your business, we recommend you follow our proven program for each choice as follows:

Continue to the next generation

Hold a Retreat which is a structured meeting with one or more generations (including spouses) after the Concerns, Wishes, Aspirations have been identified from a one-to-one interview process - for further details see Article 13

Write a Constitution which is a document (finalised by your solicitor) that sets out the agreement between generations on a wide range of matters for the future - for further details see Article 14

Sell

Make sure your business is "sale or investment ready".

Complete a Business Valuation.

Prepare an information Memorandum.

Don't negotiate the sale yourself.

For further information see Articles 16,17

Management Buy Out (MBO)

	Check you have a Management structure which can carry on the business without you.
	Ensure you Management and Corporate Governance standards are appropriate for the size of your Business

Make sure the MBO Team have the financial capacity to structure the MBO funding.

Complete an independent Business Valuation.

Prepare a document to record the transaction.

Arrange short/ long term funding.

For further information see Article 22

Capital Raising/ IPO

	Check your Sales and Profits meet ASX criteria
	Consider the benefit of using the Newcastle or Bendigo Exchange to reduce costs
	Ensure you understand the costs involved
	Ensure you have Audited Financial Results for the last 3 years
	Understand the Due Diligence process and accountability that will be involved
	Prepare an Information Memorandum
	Obtain details of Underwriters who understand your Industry
	Appoint a Business Advisor who can negotiate a Capital Raising/IPO on your behalf
	Don’t do it yourself
Liquidation
	An area where we are not involved