‘Family Matters’ – Business Succession Planning Workshop in Parkes – this Thursday 28 November
RDA Central West is proud to have partnered with the National Association for Loss and Grief (NALAG) to hold a Succession Planning for Family Businesses workshop in Parkes this Thursday 28 November at the Parkes Services Club from 9am to 4pm.
This FREE to attend, one-day forum will see expert presenters provide valuable tips and tools for navigating the path through family communication to create a ‘family-owned’ business plan, showcasing a clear vision to banks and other stakeholders. Please note that the workshop is FREE but registration is essential and still possible today.
Family businesses in and around the Central West region will have the opportunity to receive valuable tools and advice on succession planning from a team of industry experts at a FREE, one-day workshop to be held in Parkes on Thursday 28 November 2019.
Following the success of a similar event held in Narromine earlier this year, the National Association for Loss and Grief’s (NALAG) ‘Our Shout’ program coordinator, Ms Brenda Baker, is hoping to improve the experiences of succession for a greater number of family businesses. “The workshop in Narromine was attended by over 120 people and the feedback we received was overwhelmingly positive,” she said.
NALAG’s ‘Our Shout’ program promotes positive strategies to improve well-being and resilience in rural NSW communities. “Communication in family-run business is crucial not only for financial success but also the emotional and mental well-being of all family members that are involved in the partnership. Family members that are able to express their needs and concerns in a way that is productive and supportive of other family members often leads to healthy and long term sustainable family partnerships that are able to weather the hardships of not only drought but of the many other challenges that face rural and regional communities,” said Brenda Baker.
The workshop’s expert panel will include Family Succession Advisor, James Hamilton and Succession Law Specialist, Claire Booth. Ms Booth says drought conditions should not deter families from succession planning, “The impact on the drought for some farming families has meant people are stuck in a holding pattern, waiting for things to improve before starting or finishing succession planning. However, what we’re hearing from the banking sector is if a family has been thinking about a succession plan now is actually a good time to sit down and discuss the options.
“Farmers rarely want a hand out, but a hand up – they want to be in charge of their future, and what happens to their land, especially when it comes to handing over assets or management to the next generation,” said Claire Booth.
Regional Development Australia Central West’s (RDA CW) CEO Mr Sam Harma added: “This workshop will ensure attendees from across the Central West are empowered with powerful new communication skills, take home checklists on how to approach the succession plan as well as insights from the banking sector as to how best approach the bank when things are tough, cash flow is low, equity levels are stretched and the impact of drought affects even the most informed plan. Family businesses are the back-bone of our communities and we’re positive that the new skills and tools learnt at this workshop will have positive outcomes across the region.”
The ‘Family Matters: Succession Planning Workshop’ will be held at Parkes Services Club from 9am-4pm on Thursday 28 November 2019 and is supported by: Regional Development Australia Central West, Parkes Shire Council, Rural Financial Counselling Service and the Department of Primary Industries’ Rural Resilience Program.
The workshop is FREE but registration essential. Registration is NOW OPEN and will fill fast.
*A downloadable FLYER detailing the event is available here or directly from the above website.
*It would be appreciated if you think this free workshop might be of interest to members of your community if you can distribute or post these flyers up on any relevant notice boards to help spread the word to assist families in our region.