Resourceful: Stories From The Site

This episode is a recast from the Queensland Business Hub discussing the topic of succession and how to get it right for your business.This episode is hosted by Craig Barry and Scott Lindeblad with special guest Peter Andreassen, and they discuss what succession means to them, because this tends to mean different things to different people. It can range from passing the business on to the next generation, selling the business for the maximum possible price or perhaps even getting the business ready to list on a stock exchange.Succession is a journey, not an event – it doesn’t start on the day the business is listed for sale and it doesn’t end on the day the business sale occurs. It covers a period far longer than that. This episode discusses three important aspects of the succession process; structuring for succession, maximising value and preparing for the future. The mantra to go by is don’t leave succession until the last minute. Business owners should regularly review their structure and ensure that not o