Succession Planning

How family-held businesses can thrive generation after generation

A well-designed family-held business succession plan can articulate the vision and values of the founders and help ensure a smooth transition to the next generation. From our experience, many leave succession planning too late. We share some of the key questions that a family should be asking if it wants its business to thrive from one generation to the next.

Succession planning for small businesses

It’s a good idea to think about your succession plan long before you need to sell. With a plan in place, you can maximise the value of the business and achieve a better outcome.

Black Rock Farm | Succession planning vital in this farming business

The Bunnys farm Black Rock, running sheep and cattle on their 425 hectare block at the end of Black Rock Road and on ‘Banavie’, a 420 hectare lease block next door.

Succession Planning | Your legacy, their future

Getting out of your business or farm may be one of the most important decisions you ever make and must be a carefully managed process.

Case study | Succession planning

Mark and Chris recognised early that passing on the family’s farming business would need to provide a ‘fair’ opportunity for all three sons, and their respective families.

Mackintosh Group Limited | Succession planning vital to this family farm business

Paul and Anna, and Bruce and Helen Mackintosh live and farm just outside Wanganui on Dunkeld, a 225 hectare sheep, beef and grain cropping property.