Venue:
Northside for Business Campus, Ballyvolane, Cork City T23 A3FH
Time:
09:30-13:00, with registration / refreshments from 09:00
Category:
Management Development
This in-person seminar will have relevance to owners of small/micro business owners, founders, next generation owners, shareholders, directors and senior managers. The seminar is designed to inform and give practical and pragmatic advice. ***this seminar is for small/micro businesses with registered address in Cork City***
This event is no longer available
Business Succession Planning
For family and non-family businesses
*** NB This seminar is only for small/micro businesses with registered address in Cork City ***
Did you know .....
- Family owned businesses account for 75% of all Irish Businesses and 59% of all employment
- 72% of family run businesses cease to trade within five years of the death of the originator
- Only 12% of family businesses survive to the third generation
Why?
- Failure to plan
- Unprepared for crisis such as illness, death or accident
- Financial insecurity
- Reluctance to release control
- Disputes, discord or rivalry
- 'Management style' - the paradox of the founding entrepreneurial personality
- Fear of retirement
Overview
Business succession planning can have many forms. It may be a legacy issue, a succession issue, a transference issue or a harvesting (sale) issue. The planning and strategies required to meet the varied and often complex issues of succession need time of evolve to be properly planned for and to be implemented. All too often future matters are left unprepared and unclear, that is until some unplanned event arises. Seeking solutions in times of stress, anxiety or crisis tends to lead to poor solutions ....hence the high failure rates.
This seminar is being delivered by Plato Cork on behalf of LEO Cork City. Plato and Family Business Ireland (PFBI) has supported and advised the owners and managers of many Irish family owned and family run businesses to better manage and plan for their own futures, their families, employees and that of their enterprises. PFBI is Ireland's leading succession planning organising having established Ireland's first dedicated family business network over 25 years ago.
The information seminar is designed to inform and discuss the core legal, taxation, financial, psychological, behavioural, governance and business management issues that go to make up a well worked out succession plan. Four of PFBI's leading family business experts and succession consultants will present and discuss the key issues.
Schedule - Wednesday, 28th June
09:00 Refreshments and registration
09:30 Introduction
09:35 Legal matters
10:20 Financial and taxation matters
11:05 Mid-morning refreshments
11:20 Behaviour and familial relationships
12:05 Case studies and discussion
13:00 Close
Speakers
- David Donegan - Legal
- Jan Harte - Behavourial and familial relationships
- Stephen Gahan - Tax and finance
- JJ O'Connell - Planning, preparation and implementation
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