• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Opal Advice

Opal Advice

Financial Planning Toowoomba

  • Home
  • About Us
    • Our Team
    • Testimonials
  • Services
    • SMSF & Superannuation
    • Investing
    • Personal Insurance
    • Business Succession
    • Tax Planning
    • Retirement Planning
    • Estate Planning
    • Cashflow Management
  • News
  • Contact

07 4659 4688

07 4659 4688

  • Home
  • About Us
    • Our Team
    • Testimonials
  • Services
  • News
  • Contact
About us

Business Succession

You’ve no doubt invested a lot of time, effort and money into building your business and making it a success. Congratulations. But what happens to your business when it’s time to retire or move on? What happens when you’re no longer able to run the business effectively, or if you sustain a chronic illness or injury? Do you have a plan in place to protect the value you’ve worked so hard to create in your business?

The fact is, most business owners don’t. And that quickly becomes a problem, when a business owner suddenly becomes unavailable and the business crumbles without a plan to move on. All too often businesses can quickly lose customers, employees, time, the ability to operate and pay its bills and all the goodwill you’ve built up over the years. The value of your business will rapidly decrease without a succession plan, leaving it unable to operate as it should. In the worst-case scenario, the entire future of your business could be in jeopardy if you fail to plan adequately. And that’s something nobody wants.

Succession planning is the answer, but it’s not something that can happen overnight. It’s a process planning for your expected transition out of your business (such as when you retire). Generally, succession planning is a three-to-five-year process – sometimes even longer. There’s plenty to consider and manage when planning your succession, including valuing your business, choosing a successor, selling or transferring your business, structuring a deal and getting the most value possible out of your hard work.

We also have strategies and solutions around insurance for business owners and key personnel in your business, to ensure that if anything happens to them it doesn’t jeopardise your business. If one business owner dies and their estate wants/needs their entitlement  paid to them as a cash lump sum, can the remaining owners pay it?

The lack of a succession plan can undoubtedly pose a serious risk to your business. As a business owner, you need to be prepared for all eventualities. Ensure your business is ready to transition seamlessly when the time comes, and start your succession plan now. It’s the only way to maintain the legacy of your business and make sure the process is beneficial for both the old and the new business owners.

Let’s chat about how we can help you

Get in touch with us and receive a free 2 hour initial consultation

Book your FREE* initial consultation

Social

Follow along on social media

  • Facebook
  • Instagram

* Terms and conditions apply
– Free consultation, 2 hour time limit applies

Contact

28-32 Neil Street,
Toowoomba QLD 4350

07 4659 4688

admin@opaladvice.com.au

Centrepoint Alliance Financial Services Guide

Navigation

  • Home
  • About Us
  • Services
  • News
  • Contact

Book your free* Initial consultation

Book Now

Matt Long is a Sub-Authorised Representative No 1003311 of Opal Advice Pty Ltd, Corporate Authorised Representative No 1304390 of Professional Investment Services Pty Ltd, AFSL 234951, ABN 11 074 608 558.

Darren Morris is a Sub-Authorised Representative No 398508 of Opal Advice Pty Ltd, Corporate Authorised Representative No 1304390 of professional Investment Services Pty Ltd, AFSL 234951, ABN 11 074 608 558

This information is general advice. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision.  You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

© 2025 Opal Advice • Privacy Policy • Site by Kingfisher

Return to top