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Succession Planning for Your Business

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Learn how Dandenong Market favourite, Food to Go Vietnamese and Chinese, is planning for its future.

Succession planning is an important aspect to any business. One important thing to remember, succession is a process and not a single event. It’s less about walking out at the end of the week and never looking back but more about a structured, controlled transition which may take place over several years.

For some businesses, succession might mean the founding generation takes on a mentor role to upskill future leaders, often, family members. They might share intellectual property and ensure a smooth transition. Or, for a set period, founders might retain some control.

There are many different variables to consider.

Local food business who calls Dandenong Market its home is facing these decisions. Food to Go Vietnamese and Chinese owner, Mr Trila is beginning to look at retirement. Trila plans on passing the business reigns over to the next generation, his daughter, Linh. “He’s set the bar really high,” Linh says with a mix of pride and determination. 

Linh is a recent Commerce graduate who has explored the corporate world before deciding to return to Dandenong Market and her father's business. Linh has spent the last few months learning the ropes, from sourcing fresh ingredients to connecting with their community and she’s also looking ahead to the future. 

At Food to Go Vietnamese and Chinese, the menu reflects Trila’s ethos: nourishing, balanced, and rooted in fresh ingredients. Classic Vietnamese dishes like banh mi share space with crowd favourites like dim sims and potato cakes. 

Trilla describes his approach to food as an art rooted in an old Japanese principle, one that prioritises balance within the body. This philosophy infuses every dish, ensuring customers leave not just satisfied but uplifted. 

Her father has created a loyal customer base with his warm personality and commitment to quality. Over the years, many customers have brought their children and grandchildren to meet “Uncle Tri” at Dandenong Market. Linh said “…at its core, it will always be about community and connection. That’s what Dad built, and that’s what I want to continue.” 

Linh envisions modernising aspects of the business, from establishing a social media presence to refreshing the branding. 

If you need support in planning for retirement, Business Victoria have a range of workshops as well as one-on-one business mentoring sessions available to help start the conversation. 

Learn more at Business Victoria.