business.gov.auSuccession Plan GuideHow to use this templateBefore you complete this Succession plan template and start using it, consider the following:1.Use the [italicised text]. The italicised text is there to help guide you by providing some more detailed questions you may like to answer when preparing your response. Please note:If a question does not apply to your circumstances it can be ignored.2.Use the succession plan guide. The succession plan guide below contains general advice on succession planning and a complete overview with details on each question asked in the succession plan template. 3.Get some help.If you aren’t confident in completing the plan yourself, you can enlist the help of a professional (i.e. Business Enterprise Centre, business adviser or accountant) to look through your plan and provide you with advice.4.Review. Review. Review.Ask a number of impartial people to proofread your finalplan. 5.Print.Before you print a copy of your completed succession plan, ensure you delete the first section containing the guide as well as the [italicised text]. To print acopy, select the Printer icon on the toolbar, or select File then Print on the main menu. Succession plan guideSuccession planningPlanning for the day you leave your business is a valuable investment. Whether you decide to sell up, retire or have to get out of business due to health reasons, it’s important that you spend the time with your family and/or your business partners and plan what you are going to do. A succession or exit plan can help you outline what will happen and who will take over your business when you leave.A good succession plan enables a smooth transition with less likelihood of disruption to operations. By planning your exit well in advance you can maximise the value of your business and enable it to meet future needs.Make sure your succession plan is attainable - set a realistic timetable and measurable milestones along the way and stick to them.