The entire process can be a complicated endeavour. But working with PwC can make it easier. Bringing the best people together for your unique needs, we help you take a closer look at your options for transition and work with you to determine the best course of action for your business and your family – that’s simply what we do.
You have worked hard to build a business and make it a success, but may decide it's time to sell. We can oversee all issues relating to selling your business and will be involved in the transaction, from start to finish. We will make a preliminary assessment of your company's value, identify and communicate with potential buyers, negotiate and assess bids, prepare documentation, and offer you continuous support until closure.
Before you can successfully transition your business to new ownership or management, or even adopt a new business direction, you need to develop a long-term strategic plan in consultation with key players.
This should outline where the business is heading, what it will take to get there and who will be responsible for keeping each aspect of business operations on track. The key is to plan early to make sure you are prepared.
We will help coordinate planning sessions with management, shareholders and boards of directors to ensure all matters relating to your succession will suit your best interests and those of your company.
The first step in deciding who will run the business is to identify your management needs, and then align them with your long-term business strategy. Next, you need a plan to attract and retain talented people, and be able to groom them for senior roles. A well-planned succession improves the likelihood of a successful transition and increases the value of your business to investors or purchasers.
We can help assess your organization's leadership needs, develop a plan to identify and groom potential leadership candidates and plan for the gradual handoff of management functions.
The decision to move on from your company can be difficult, but ensuring the company and all those involved emerge from the transition as smoothly as possible is critical. Beginning the process well in advance and establishing open lines of communication with all stakeholders will better position you to make a smooth transition. Whether you choose to sell the business, or pass on your leadership to another individual, adequately grooming the company and a successor is key.
We can help to outline your succession strategy, establish a timeline to transition leadership and help bring all financial matters and underlying aspects of the business in order.