Succession Planning

It is a fact that a large percentage of business owners and farmers have made little or no provision for their exit from their business.

Not having a planned exit can create significant problems for owners including lowering the expected retirement income.

There are risks to our regional business sector and labour market in the lack of succession planning as well. If business owners are unable to exit as hoped then businesses may be closed or moved to other regions.

To manage this risk Vision Manawatu and Massey University are working together with industry input to develop a succession planning short course targeted at professional advisors. The first course is planned for November 2011 and more details will be available in due course.