The Business Succession Planning for SME course is designed to provide small and medium-sized enterprise (SME) owners and managers with the knowledge, tools, and techniques they need to effectively plan for the transfer of their business to the next generation or a new owner. The course will cover the essential components of a succession plan, including legal considerations, tax implications, valuation, and transfer strategies. The course will also explore best practices in succession planning and provide learners with practical tools and techniques for developing and implementing a successful plan.
Who should attend?
This course is designed for SME owners and managers who are responsible for planning and executing the transfer of business ownership or management to the next generation or a new owner. It is also suitable for professionals who work with SMEs, such as lawyers, accountants, financial advisors, and business consultants.
- Understand the importance of succession planning and its potential impact on the future of the business, employees, and family members.
- Identify the key components of a succession plan, including legal, financial, and transfer strategies.
- Evaluate the tax implications of different succession strategies and make informed decisions.
- Navigate family dynamics and communication challenges that can arise during the succession planning process.
- Apply best practices in succession planning to their business.
- Use tools and techniques to identify critical roles, feeder positions, and potential successors in their organization.
- Provide guidance to stakeholders to identify critical roles, feeder positions, and potential successors.
- Maintain records of succession planning and document reports on succession planning activities.
- Collect data related to the effectiveness of succession planning strategies.
- Review data related to the effectiveness of succession planning strategies to identify trends.
- Develop and implement a customized succession plan that meets the needs and goals of the business and its stakeholders.
Class conducted via Zoom Platform
Class conducted via Training Centre
|11 April 2023||2 Days||Physical Class|
|9 May 2023||2 Days||Online Class|
|14 June 2023||2 Days||Physical Class|
This course will be delivered through a combination of lectures, interactive discussions, case studies, and practical exercises. Learners will have the opportunity to work on real-world scenarios and develop their succession plans. The course will also include opportunities for learners to receive feedback and support from the instructor and their peers.
The Obizmax Experience
- Expert trainers - Passionate specialists who keep up to date with the latest trends in their field.
- Quality delivery - Trainers are assessed annually on the quality of their delivery and delegate engagement.
- Practical training methods - Theory and practical-based training to take back to the office.
- Small class sizes - No more than 15 people to ensure you get the most from our trainers.