T: Enabling business owners to realise their dreams.
eBook Download
The 60 Do’s and Don’ts of Business Succession Planning
The book is focused on business succession planning and provides practical advice and guidance for readers who are considering this process. It is divided into several chapters that cover different aspects of succession planning, including the 60 Do’s and Don’ts of Business Succession Planning, the benefits of having a trusted external business advisor, and the main outcomes of succession planning. Whether an owner is looking to sell the business or not, the objective should always be to have the business sale / investment ready, just in case an unforeseen event takes place necessitating the need to exit.
I worked with Neil for more than 20 years, he helped me grow my brand Shaftec Automotive to number 1 brand in the UK. Neil helped create a great infrastructure and finger on the pulse figures while at my time at Shaftec. I would highly recommend him if you need help with stabilising, growing or selling your business.”
– Peter Jones, former Managing Director
Shaftec Automotive
FAQs
Knowing what your business is worth and could be worth helps focus energy, resources and priorities. It helps you plan your future both personally and with your business journey.
Evidence shows that those business owners with a clear exit strategy increase their chances of exiting successfully. Rather than accepting a rogue approach from a third party, they can seek out an appropriate opportunity, be that a trade sale, MBO, EOT or family transition at a time of their choosing. Having an exit strategy, even if it is implemented earlier than planned, improves the exit success.
This is when the business is performing at its best and showing potential growth and innovation. Sustainable performance increases the business value. Having the succession team in place, ready to continue, combined with a marketplace showing signs of growth is key. Timing is critical to a successful exit, so being ready at the right time is vital.
I didn’t know who to confide in about future planning for my business. My meeting with Neil (Thorogood) was productive, exceeded my expectations and gave me real food for thought.”
– Jim
Local Businessman
Contact Us
The business and beyond programme
With my business associate Karen Tracey of Dunelm Leaders, Thorogood and Associates (UK) deliver the Business and Beyond Programme to assist business owners plan for exit or succession. For a free no obligation chat, or to find out more, register on the link below.
The business and beyond programme
With my business associate Karen Tracey of Dunelm Leaders, Thorogood and Associates (UK) deliver the Business and Beyond Programme to assist business owners plan for exit or succession. For a free no obligation chat, or to find out more, register on the link below.
Chimneys Chats Ep: 10 - The Business & Beyond Programme
Neil Thorogood and Karen Tracey featured on Chimney Chats to discuss: The Business and Beyond Programme. We explore what the programme is and how they can help Business Owners with their exit strategy.