Governance + Succession
There’s so much more to running a successful business than selling a product or service. A good governance structure and sound successful plan are two important factors for making your business successful.
At MBS Advisors, we advise clients on all aspects of governance and succession planning, helping them make the right decisions to ensure the success of their business.
Strategic business planning
Governance isn’t just about having a board of directors. It involves taking a step back and looking at the bigger picture – Where do you want to go? Do you have what’s needed to get there?
Our business advisory team will help you think about the future, and how you can reach success. At MBS Advisors, we make business planning easy. We’ll help you develop a simple framework and plan to reach your goals.
Put the right governance in place for your business
Many businesses have a board of directors – but this isn’t your only option when it comes to governance. Advisory boards, mentors and business coaches are also good options. How you decide to approach governance will depend on your goals for your business.
Our advisors will get to know you and your professional and personal goals. We’ll help you to take a bird’s-eye-view of your business, so you can decide on the best governance structure.
People often ask, when is the right time to create a succession plan? The answer is now. All business owners leave their business one day, whether it’s because they decide to sell or step back, or a change in circumstances requires them to do so.
All business owners want to know their business will thrive without them at the helm, and any business owner looking to retire will need to find someone capable and competent to take over. This is where succession planning comes in.
The business advisory team at MBS Advisors can help you develop a sound succession plan, based on your business and your goals. We can help you make decisions on how to transition the business from one owner to the next, whether you want to remain in the business, own shares, or leave entirely.
Research from Xero indicates that three out of four New Zealand business owners are expecting to sell their businesses to fund their retirements. However, 30% don’t believe their business would survive without them, and 47% don’t have an exit plan in place.
Don’t wait until it’s too late. Talk to the team at MBS Advisors about creating your succession plan today.
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