Succession:
It's never too soon to start thinking about the future
Successful succession planning is often overlooked by business owners. Without it, you risk uncertainty in your business, personal, financial, legal, and tax affairs, especially during critical life events.
Succession: leadership
No matter where you are in business, planning for succession is essential.
Without a clear and practical succession plan, your practice could face uncertainty, your clients might experience disruptions, and your family could encounter undue stress. It’s crucial to ensure a smooth transition for the continuity of your practice and peace of mind for you and your family.
Proactive Succession Planning
with Rob Knights & Co
At Rob Knights & Co, we are passionate about proactive succession planning. With over five decades of experience and a personal understanding of succession’s importance, we guide you through each step— from planning to implementation and finalisation.
We offer a suite of services to help you prepare appropriately for succession.
Our proven succession planning approach
Succession planning is a long-term strategy to ensure the successful exit, departure, or retirement of a firm’s equity holder or owner. We provide a comprehensive approach that includes:
- Identify a Successor: We help you find and qualify the right partner-elect.
- Determine a Fair Value: We ensure a fair transactional value for your practice.
- Mentorship Program: We create mentoring programs to develop necessary skills and expertise.
Why trust Rob Knights & Co with your succession plan?
A Personal Succession Story
My father, Rob, founder of Rob Knights & Co, always joked that he had the longest succession plan possible: he bred his own successor in me.
I joined the firm as a 20-something, initially as a short-term placement in my father’s specialist consultancy firm. Offering an ever-growing range of services to its clientele, the services of this business were heavily dependent upon the expertise and knowledge developed by my father and his senior personnel.
As my employment turned from short-term to full-time, the opportunity for me to eventually own this exciting and dynamic business became a reality and a succession plan was born.
My father developed a mentoring program to develop the necessary skills and expertise required. Three years into the program my father was diagnosed with cancer and, while he proactively fought the disease, he lost his battle nine months later.
Whilst this was a tragedy, the one positive outcome was his significant and passionate work in mentoring and developing his successor. As a result, I was able to step forward confidently and take over the business, ensuring it carried on. Two decades on, the business continues to flourish.
Explore succession insights in our Knowledge Base
Succession · Equity Buy-In The Equity Promise Most Firms Cannot Keep Capable senior people want to buy into accounting practices again, for the first time in about a decade. But...Read More
Growth · Artificial Intelligence AI in Accounting Firms: Why the Client Relationship Still Wins Used as a shortcut, it quietly erodes the one thing clients pay you for. Used well,...Read More
Practice Broking · Industry Insight We’ve seen this before. Australian Accounting Firm Consolidation: What the 2000s Aggregations Teach Us About Today’s Buyers The last time this happened, four major aggregators...Read More
Ready to secure your practice's future?
Contact Rob Knights & Co today to begin a smooth, sustainable, and successful transfer of your practice.
