Business groups issue succession planning guide
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The SME ombudsman has released a new online guide to succession planning, which includes tips on how to handle family conversations during the transition phase.
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and Family Business Australia (FBA) have released an online guide to business succession planning.
The
Introductory Guide to Family Business Succession Planning – which has been co-produced by FBA and the ASBFEO office, provides a step-by-step guide to passing the family business on to the next generation, the ombudsman and FBA said.
According to the groups, the guide has come after the latest available data from KPMG on the subject showed that just 17 per cent of Australian family businesses have a unifying plan for the business’s future.
Bruce Billson s plan to energise enterprise as Small Business Ombudsman smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
Small Business Ombudsman and Family Business Australia co-release new family business succession planning guide
March 10, 2021
FBA chairman Mark Kagan, incoming small business ombudsman Bruce Billson, small business ombudsman Kate Carnell and FBA chief executive Greg Griffith. Source: supplied.
Family-run businesses now have access to a succession planning guide designed to help them formulate a plan for passing their businesses on to the next generation.
Co-released by Family Business Australia (FBA) and the Australian Small Business and Family Enterprise Ombudsman (ABSFEO) on Monday, the guide provides step-by-step instructions on how a family business can plan for the successful transition of ownership and management within the family.
Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
When Kate Carnell reflects on her five years as Small Business Ombudsman, she says her proudest achievement has been in an area that was somewhat unexpected.
Speaking to
SmartCompany from her Canberra office on Monday, as she starts her final week as Ombudsman, Carnell recalls how when she started in the role she asked small businesses what they most wanted her to focus on.
She expected the answer to be industrial relations, but “they said payment times, by a long shot”.
The fact that payment times for small businesses is now a major issue, and that measurable improvements have been made, is at the top of Carnell’s list of highlights from serving as the first Australian Small Business and Family Enterprise Ombudsman (ASBFEO).
Scrap outdated FBT , says small business ombudsman accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.