Succession and Exit Planning for Plumbing Businesses

Setting a clear direction for your plumbing business's future is paramount. Whether considering succession or a sale, it's essential to have a roadmap in place. This workshop will offer a structured framework, guiding you through key considerations for understanding and enhancing your business's value today and aligning it with your future goals.

Learning Outcomes:

• Defining the End Goal: Understand the importance of having a clear vision for the direction of your business, whether that's succession or sale.
• Valuation Insights: Delve into various valuation methodologies and tools to gauge your business's current value, helping you appreciate its worth concerning your end goals.
• Setting Value Targets: Recognise the importance of establishing a target business value for the time of exit or succession.
• Strategic Planning Overview: Gain a broad perspective on the planning elements required to bridge the gap between your business's current and desired values.
• Legal and Financial Considerations: Emphasise the need to consult with legal and accounting professionals when contemplating a transition, be it succession or exit.
• Case Studies and Practical Application: Engage with real-life scenarios from the plumbing industry to reinforce the relevance and practical application of the discussed considerations.

This face-to-face workshop is funded by Construction Skills Queensland. Please register using the form below and complete the requested evidence for you to register successfully. 

Register here

Speaker

Michael Renton Founding partner and CEO, Xact Accounting

With more than 25 years of accounting and commercial experience, Mick has seen under the hood of thousands of businesses. Having worked as a public practice, chartered accountant, a CFO for a number of large private firms, and as an entrepreneur, running three of his own successful businesses, his diverse background means he views every business challenge from a real-world perspective. As one of Australia’s most respected accountants in the building and construction space, Mick is regularly called on for advice regarding industry policy and reform, particularly with QBCC’s Licensing framework.

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