Having owned and operated a successful business, how you do leave it - and yourself - in good shape?
The Icehouse partnership has created a course to help owner-managers plan the hand-over of their business and manage the change in their lives.
Icehouse chairman David Irving says the 'Moving On" course responds
to a need raised by owner-managers who have been part of the company's business growth programmes.
"Depending on whether the exit has been conducted well or poorly, there can be marked difference in financial and lifestyle outcomes," Irving said.
"A good exit can leave the owner of the business with a strong sense of achievement and with the reassurance that there's a fulfilling life ahead.
"A bad one can leave you feeling that the motor's still running with nowhere to go."
Irving said the change had to be good for the seller, buyer and the business.
But there was ample evidence that New Zealanders in business did not address this issue.
University of Auckland Business School staff worked with Icehouse to develop Moving On.
Business school instructors, representatives from Icehouse partners and specialist practitioners will show participants how to achieve the best outcomes for the business and all parties involved.
Participants also learn how to produce a personal plan to manage the transition from owner-operator to a different lifestyle.
"This programme is for successful owner managers who have a significant equity stake in their business or substantial revenue or assets and may want to capitalise on untapped growth potential," Irving said.
"Exiting owner-managers, more often than not, feel responsibility toward long-serving employees and loyal customers. The course addresses all these issues."
The course begins on May 8 and runs over three weekends in May, June and July, so participants can continue running their businesses. Courses are limited to a maximum of 20 participants.
For more details, phone 0800-Icehouse (0800 423-468).
