- How longAbout 5 to 6 weeks
- Who it’s forOwners with a timeline in mind
- What you getYour Handover Date, and how to get there
What is a Handover Date?
It’s the earliest realistic date your business could run without you. It’s set by the slowest items, not by the calendar.
Most owners have a date in mind. Few know which items will really decide it. Often it’s something they’ve never thought about, like the time it takes a second person to qualify for a licence.
Who is the Handover Plan for?
Owners with a goal and a rough timeline. You might want to hand the business to family in three years, sell in four, or stop working Saturdays by next spring. It works best for businesses bringing in about $2 million a year or more. For smaller businesses, the Handover Score is usually better value, and we’ll tell you so.
What does it cover?
Everything someone taking over would look at, not only the six handover areas. Where something belongs to another professional, such as tax or legal work, we don’t judge it. We note whether it’s ready, and point it to the right person.
What do I get?
- Your Handover Date, worked out backwards from the slowest items.
- The way there: what has to happen, in what order, and who should do it.
- The two or three items that decide your date, and when they need to start.
- A meeting with your advisors. Your accountant, lawyer and anyone else you choose, in one room. Each gets the part that’s theirs. Then we step back.
How long does it take?
About five to six weeks.
What does it cost?
A fixed fee, agreed in writing and paid in stages. If you’ve had a Handover Score recently, its fee is credited toward the plan. If you go on to the Handover Program, the plan’s fee is credited toward the start of it.