Linchpin Succession Management is a Member of the Linchpin Group Australia.
We are a highly experienced Consulting Practice and understand the dynamics and complexities of business succession. We understand that 'succession' is but one stage in the ‘Cycle of Life’ for a Business. This 'Cycle' will inevitably take business Owners to a point where they need to consider their exit.
We understand that
- Succession is only one of many possible exit mechanisms.
- Succession is driven by a biological clock but has many triggers.
- Succession and exit are two ‘stations’ on the business journey.
We recognize that whilst the Exit can sometimes be forced upon the Owners, more often it will be voluntary.
We know that it is never too early to have an Exit strategy in mind – and it is never too early to have the framework in place to ensure that the maximum capital value for the business can be realized.
The sooner an owner has a clear set of options built into an exit strategy, the more confident can the owner be that a successful exit can be negotiated on their terms.
In addition, it is important to know just what Exit options exist – and be able to know what each means in relation to the owners' financial and control outcomes.
We understand that succession can have many twists and turns - but essentially succession results in the current owner/managers relinquishing control of their business.
Note that this does not mean that they relinquish ownership as well. They might - but they may not.
Therefore, the many combinations of succession and exit options available to business owners demand a clear and rigorous approach which is complemented by the multi-disciplinary and collaborative input of specialist advisers - which will usually include (but be not timited to) the owners' existing professional business advisers.
Our engagement with our clients ensures that we can provide the fresh insights and an independent stance on which they can rely for clarity, meaning and certainty.
Our experience tells us that succession, exit and generational change in any business - family-owned, non-family-owned, or owned by a professional partnership - is potentially so complex that no one can sensibly claim to be able to be 'all things to all people' - hence, our propisition to our clients that we will facilitate, co-ordinate, and deliver 'best advice'.
We understand that unfortunately generational transition in business
Often Fails because it is
- Emotionally difficult for all parties
- Likely often to result in personally vindictive behaviour
- Always disruptive to stakeholders
And is
Often Postponed
- Because there is usually no immediate reward for starting now - but there is always a
- Deferred penalty for leaving it too late