Life after work
Succession and retirement planning can be some of the hardest things for a small business owner to do - but without it, they’re trapped.
Despite three-quarters of owners hoping one day to sell their business to fund their retirement, 30% are not sure their company would survive without them, and 47% don’t have an exit plan in place, according to research from Xero.
Then there are the exits that happen unexpectedly - a major illness or a health crisis for a family member, burnout or an offer you just can’t refuse from somebody who wants to buy your business.
At OneTeam, we’re passionate about helping small businesses not only survive, but thrive beyond their owners. We’re just as committed to supporting small business owners to thrive beyond work.
Talk with us about
Small business owner exit planning
Succession planning for your business
Future planning for family businesses
Protecting your personal assets
Every business and each owner is unique. Sometimes, it’s about preparing the next generation to take the reins. We have worked with many family businesses over the years, and have a deep understanding of the unique benefits and the difficulties almost all of them face. For other businesses, the focus is on making the business an attractive proposition for an employee or group of employees.
OneTeam can help you explore your options and get your business and financials into shape for whoever comes next - whether it’s family, an entrepreneurial staff member or a whole new owner. We can help you do the things that need to be done to make your small business attractive to a potential buyer, work out its value, and identify potential markets.
If you don’t have a plan for the future already, we can help map it out and, on an ongoing basis, check in with you to help you stay on track. You can find out more about our Trust, Property and Retirement Services here.