Dr Craig West is a strategic accountant with over 25 years of experience advising business owners. He is widely regarded as the “go-to” expert on Business Succession and Exit planning and employee ownership and is a sought-after business conference and keynote speaker. Following 6 years of study to gain two master’s degrees, Craig West focused on Capital Gains Tax (CGT) for business sales advising clients who are business owners on strategic management of taxation issues. This experience formed a strong view that most business owners (and often their advisers) were unprepared and unaware of the steps required to maximise business value and prepare the business, the family/shareholders and finances for an exit. Craig West now acts as a strategic business and financial mentor for mid-market business owners and has written five critically acclaimed books educating business owners on employee incentives, business succession, succession planning, asset protection and exit strategies. His expertise in the financial aspects of business sales and exit planning is particularly noteworthy. He emphasizes the importance of a comprehensive Business Succession and Exit Plan, particularly focusing on the unique 21-step Business Succession and Exit planning process he has designed and utilised with over 1,000 business owners in the last fifteen years. This process has led to the success of many business owners. In November 2021, Craig West was appointed Executive Chairman of NSW Leaders, a business mentoring group for leading NSW businesses.
‘Business Succession & Exit Planning’ is one of the most important yet most misunderstood financial strategies for any business owner. It relates directly to your ability as a business owner to extract the maximum amount of value from your business when it comes time for you to exit.
Many business owners will invest decades in building a successful business, the next step is to ensure that your investment pays off and provides you with the financial rewards that you set out in business to achieve. Understanding the key value drivers in your business is a critical area to help you maximise business value and achieve a successful exit.
This interactive session explores the how, when and why of Business Valuation, Succession & Exit Planning, and understanding your business value. The key internal and external factors that are critical to maximising the value of any business are highlighted and explained within the context of value enhancement. Participants are shown how to design and implement successful exit strategies that achieve the owners’ goals, release them from the business they have been so heavily invested in, in blood, sweat and tears, and provide the financial reward they deserve, in what for many is their greatest asset, but often the most difficult to unlock.