Securing your business legacy through succession planning
Despite the chilling reality that our business lives are finite, nearly 60% of SMEs in the UK admit to having no succession plan.
Whether a family business, professional partnership or owner managed enterprise, succession planning is not a "nice to do" but a commercial necessity. Without it the business will be vulnerable to a wide range of potential risks, lacking the relevent skills, structures and resources to equip them for the future.
Succession planning takes many forms and can provide much needed focus on all aspects of the business including finance, wealth transfer, business structure, skills and strategy. Done well, succession planning can provide a unifying sense of purpose and a route map to continued success.
This event from South West Growth Service and King Recruit is suitable for business owners, Directors, Partners, and HR Directors who are looking to develop their succession plans but are unsure on how to take the process forward. Chris Lorimer and Katharine Bourke of South West Growth Service, who have over 40 years experience between them helping businesses evaluate their succession choices, will set out the context and outline the wide range of available options. Helen Plumridge, Managing Director of King Recruit will illustrate how having a strategy to attract the right external talent is a crucial element of succession planning. Robert Camp, Managing Partner of Stephens Scown will bring the issues to life from his own experience of leading an award winning legal firm with over 270 staff and 50 partners across their 3 offices in Exeter, Truro and St Austell.
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