Organisations need to measure and benchmark so that they can then develop a plan to improve productivity, performance and profitability.

Business Succession Planning

In business growth cycles, there are critical points that either make or break the organisation and at these points strategic choices must be made. Strategic planning can be viewed as the “blueprint” of the business, and it is necessary every so often for leaders to pause and reflect so they can make wise business decisions. Perhaps one of the most important elements of this strategic planning is the process of establishing a strong succession plan.

According to both the Family Business Institute and the Family Firm Institute, Family

Businesses are in dire need of improved succession planning. For instance:

  • Only 30% of family businesses survive into the second generation.
  • As few as 10 – 12% are still viable into the third generation.
  • A dismal 3% of all family businesses operate into the fourth generation or beyond.

Bridging the gap between future strategy and today’s current business reality is an issue that needs to be addressed, and more practical solutions are required.

My HR Solutions works with Businesses on Business Succession – the transition of business ownership. With Business Succession a broader perspective is required. Business succession is when the entire ownership structure of the organisation may need to change or shift to meet the needs of the future. Business succession takes into account a blend of the subjective needs of the individual and their perception of value, as well as the objective needs of the business and maximising the value of the asset.

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STAR Workplace Program

As part of Australasia’s largest HR Coaching network, My HR Solutions specialises in linking business strategy with people. If you employ people,like it or not, you are in the People Business! And so are we!

Successful businesses don’t just happen because of luck. You know how hard you have had to work for it. At the same time, your business has to work for you. The good news is that the HR Coach Network has researched and worked with enough businesses to know what needs to be prioritised to reach success.

The STAR Workplace Program:

  • Benchmarks your business against other Australian businesses
  • Identifies risks, management issues and opportunities hidden in your business
  • Converts into easy to follow information a 12 month plan

Employee surveys are just not good enough. You need to know the whole story and benchmark your results. If you can’t measure it, you can’t manage it.

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Business Health Check

As part of Australasia’s largest HR Coaching network, My HR Solutions specialises in linking business strategy with people. If you employ people,like it or not, you are in the People Business! And so are we!

Do you ever ask yourself, “How healthy is my business?”

So often we get caught up running our businesses, we forget to ask ourselves some important questions:

  • Where is the money going?
  • Is my business actually growing?
  • Am I really in control of my business?
  • Does my business follow all the rules and regulations?
  • How are the people in my business going?
  • What does the community think of my business?

Take 5 minutes to check the health of your business today with our Business Health Check. Available online.

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Here’s what our clients are saying:

The My HR Solutions team have been fantastic in supporting us in developing our people. We’ve run various workshops with our teams and have seen real results – we’re now working with them to help with our overall workforce strategy goals.

The My HR Solutions team have been instrumental in helping us design, implement and improve our HR Strategy. They had all the right advice, answers and tools we needed as our business grew.

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Get in touch so we can discuss your organisational needs.