Exit Is Now - Plan Accordingly With Scott Snider Navigating Business Transitions in Australia
Sep 14, 2023
In this engaging discussion, Craig West, founder of Succession Plus and an expert in exit planning, shares his transformative journey from accountant to exit strategist. He dives into the evolution of his nine-step exit methodology and the impact of generational shifts and COVID on business readiness. Craig emphasizes the importance of insights reports in exit planning and contrasts the succession challenges faced by family businesses in Australia and the U.S. Additionally, he reveals key findings from his PhD, highlighting how wealth and legacy shape owners' exit choices.
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Episode notes
Know Where You Start
- Craig compares exit planning to needing to know your starting point before a trip to Chicago.
- He uses that metaphor to show why a diagnostic insights report is essential before action.
From CPA To Exit Planner
- Craig left public accounting after realizing clients needed help selling businesses.
- He began developing an exit methodology after practical client work and external learning.
Exits Create Life-Changing Outcomes
- A successful exit can change lives beyond the owner, including major charitable donations.
- That outcome motivated Craig to pursue exit planning over traditional accounting work.
