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  • Succession Planning Questionaire 1209

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    Maheep Raj Gupta
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    This document contains a 17 question succession planning questionnaire for family businesses. The questions address issues like ownership and transfer of family assets, current and future management of the business, retirement plans, financial security, roles and goals within the business, communication, compensation, training, vision/planning, conflict, living standards, education funding, and future financial support for family members. It concludes by saying that answering "no" to several questions indicates the business needs a succession plan, and provides contact information to arrange assistance from a consulting firm.

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    This document contains a 17 question succession planning questionnaire for family businesses. The questions address issues like ownership and transfer of family assets, current and future management of the business, retirement plans, financial security, roles and goals within the business, communication, compensation, training, vision/planning, conflict, living standards, education funding, and future financial support for family members. It concludes by saying that answering "no" to several questions indicates the business needs a succession plan, and provides contact information to arrange assistance from a consulting firm.

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    32 views1 page

    Succession Planning Questionaire 1209

    Uploaded by

    Maheep Raj Gupta
    This document contains a 17 question succession planning questionnaire for family businesses. The questions address issues like ownership and transfer of family assets, current and future management of the business, retirement plans, financial security, roles and goals within the business, communication, compensation, training, vision/planning, conflict, living standards, education funding, and future financial support for family members. It concludes by saying that answering "no" to several questions indicates the business needs a succession plan, and provides contact information to arrange assistance from a consulting firm.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    for your complete financial business solutions

    Succession planning questionnaire for members of family business enterprises.


    The health and harmony of your family and family business enterprise may be at risk if you have not discussed or resolved the following issues. Question Do you know and understand who owns the family assets and how they will be transferred in the future? Who manages the business enterprise currently? Have you discussed who will manage the business enterprise in the future? Has a retirement plan been discussed with members of the business enterprise? Do all family members have adequate financial security if something were to go wrong? Can all family members achieve their own plans and goals whilst working in the family business enterprise? Are all members of the business enterprise clear about their role in the business enterprise? Are you happy with your current role in the business enterprise? Is the level of communication in the business adequate? Are you happy with your level of remuneration? Yes No o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o

    1. 2. 3. 4. 5. 6. 7. 8. 9.

    10. Is training and skill development in the business enterprise adequate? 11. Does the business enterprise have a clear vision and business plan? 12. Is conflict or lack of clear vision impacting on the profitability of the business enterprise?

    13. Do the people in the business enterprise enjoy where they live? 14. Is the standard of accommodation adequate? 15. Have your childrens education expenses been adequately planned and provided for?

    16. Is this a source of concern or stress? 17. Can the business enterprise support all family members financially in the future?

    If you have answered NO to several of the above questions it is likely that your business is in need of a business succession plan. For assistance on this matter phone Higgins Plos Consulting on 02 69694600 and arrange an appointment with one of our professional team members.

    Succession Planning Questionaire

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