At Skeggs Goldstien we have identified that the majority of small business owner's wealth is   invested in their business. Recent studies have concluded the following:

• There are 1.22 million ‘owner – managers' of unincorporated businesses and 
   673,000 owner – managers' of incorporated businesses;

• There is $3.6 trillion of value within private businesses;

• In 2010 the oldest baby boomer retires;

• 30% of business owners plan to retire in the next 1 – 3 years and a further
   27% within 4 - 6 years;

• Most Business owners do not have an exit strategy

• In 2010 (the first time in history) more people will leave the workforce than join it
(Sources: Australian Bureau of Statistics, Australian Financial Review, RMIT & Bstar)

Further, based on our experience, business owners have the following attributes:

• They spend too much time working in and not on their business

• They are struggling to attract, retain and motivate staff

• Gen Y do not see them as role models

• Generational successors are not interested in owning businesses

• They are not prepared or planning for succession and retirement

• They are unaware of their business value and retirement needs

• They have minimal investments outside their business

• They are underinsured or uninsured

• There will be more sellers than buyers

At Skeggs Goldstien we understand the issues and complexities faced by business owners. As a result we offer a range of tools and programs to service the SME market. These include:

BUSINESS LIFE PLAN - structured planning process that enables business owners to identify what they need to do to get the best results from their business and their business/life balance.

STAFF VALUE PROGRAM – establishes an environment that existing employees will find appealing and which will make it easier for the employer to attract and retain staff.
(Refer to benefits statements).

BUSINESS PLANNING SERVICES – structured planning process that enables the business to document and communicate their business strategy.

SUCCESSION AND TRANSITION SERVICES – is a structured planning process that enables business owners to transfer some or all of their Ownership interest and/or Management responsibilities in their business to a third party.

BUSINESS VALUATION – a comprehensive analysis both quantitative and qualitative in nature to provide you with an indication of your business worth as well as understand key drivers that will improve your business value.