For more insights and to get started call your Bentleys advisor

Succession Planning for Your Business

THE GREAT WEALTH TRANSFER

of owners intend to retire in the next 10 years generating a wealth transfer of $ 3.5 trillion(3)

81%

TRANSITION >

41%

61%

44%

20%

41% intend to pass the business to family members (1)

of family business owners would seriously consider selling if approached (2)

of family business owners are planning to sell their business (1)

have a succession plan for the CEO (1)

THE SUCCESSION PROCESSMajor influences on the succession process

GENERATIONAL INVOLVEMENTAustralian family businesses

of family businesses have only one generation involved in the business (2)

of family businesses have two generations involved in the business (2)

of CEOs are 65-plus years old (4)

of family businesses have three or more generations involved in the business (2)

of CEOs don’t have a retirement plan (4)

36%

1/3

59%

20%

5%

41%

The ability of the business to generate adequate financial returns (1)

Level of trust in the abilities of the potential successors (1)

Level of interest of potential successors in the business (1)

Preparing for succession or exit

PLANNING FOR THE FUTURE

are exit or succession ready (4)

SOURCES 1. KPMG and Family Business Australia Survey of Family Businesses 2009 (in conjunction with Bond University) 2. The MGI Australian Family and Private Business Survey 2010 (in conjunction with RMIT University) 3.  The MGI Family and Private Business Survey 2006 (in conjunction with RMIT University) 4. The KPMG and FBA Family Business Survey 2013

T +61 8 9226 4500 W bentleys.com.au/wa

Think Ahead. Talk to Bentleys Today.