Succession Planning & Exit Strategies for Business Owners

23 Degrees is working with Greater Manchester Business Growth Hub as one of their approved delivery partners. We are now inviting businesses across the Greater Manchester region to apply for a fully funded spot in our upcoming workshops.

What’s on offer?

This programme is designed to equip business owners with the essential tools and strategies needed to effectively plan for succession or exit, ensuring a smooth transition and the continued success of their business.

Key features of the course include:

Dispelling the Myths: Participants will address common misconceptions surrounding succession planning and exit strategies, gaining a clear understanding of the realities involved in these critical processes.

Setting Timescales: Attendees will learn how to set realistic and effective timelines to ensure a well-managed transition, whether through internal succession or the sale of the business.

Selecting Your Exit Strategy: Participants will explore various exit strategies, including management buyouts (MBO) and management buy-ins (MBI), to determine the best path for their business.

Delegation – Skills and Challenges: The course will cover the importance of delegation in the succession process, highlighting the skills needed and the challenges to overcome for a successful handover.

Housekeeping – Your Audit Checklist: Participants will receive guidance on the essential tasks and audits required to prepare their business for a smooth transition or sale.

Preparing for Due Diligence: The course will help business owners prepare for due diligence, ensuring all necessary documentation and processes are in place to facilitate a successful exit.

Creating the Springboard for Future Success: Finally, participants will learn how to set up their business or its successors for ongoing success after their departure