Have you prepared for the next phase for you and your business? It is never too early to start building for your future.

One of the most significant stages of any business is planning for succession or transition. Regardless of the size of your business, your departure or retirement can impact considerably as the business, and your family adjusts to changes, management decisions and new leadership.

A solid, well-considered strategy is essential. Only then, can you move on to your new phase of life assured of maintaining your financial security as well as the future growth and performance of your business. Planning will enable a smooth transition and pave the way for future success.

If you are a business owner, there are many transition options. You may decide to:

•    Retain ownership but employ a short-term or long-term external manager
•    Transfer ownership or management to another family member
•    Sell part of, or all of, the business
•    Liquidate or wind up the business

In every case, consideration must be given to tax implications, operational and legal issues, management succession, equity succession and estate planning. At the same time, you will want to avoid disrupting service delivery, cash flow and profitability. Whichever path is chosen, it helps to draw on the advice and experience of a business succession team who has been there before.

Business owners often have the objective to retire, pursue other business interests, extract capital from the business, hand over to a more experienced or enthusiastic management team, or take advantage of favourable market conditions.

At DMG Financial, we consider all options including the identification of potential successors, the eventual timing of the sale, valuation of the business and maximisation of the value for sale and any tax issues. As a result, DMG Financial will ensure that the process is well planned, and achieves the best possible value for the business in the least stressful manner.

DMG can help with:

• Initial meeting to assess the critical issues
• An in-depth review of the business
• Analysis of each of the various exit options
• A valuation of the business
• Advice regarding the timing of the exit and growth required to meet personal requirements
• Assistance in grooming the business for sale including profit maximisation techniques
• Consideration of the tax effects of any future transaction
• Other Lead Advisory Services available include;
• Business Sales
• Management Buy-outs or Buy-ins
• Fundraising