3 Phase Succession Process

As you begin your journey, remember, succession planning is a process, not a project. 

We work in a 3 phase process that is comprehensive yet allows for the needed flexibility as circumstances may require. We tell the truth, and sometimes it is difficult. However, our honest assessment of your current situation is only told in an effort to allow you to achieve your goals. 

With regular attention, you can find the gratification that comes from knowing you’ve done
everything you can.

Phase 1 - Review and Analysis


Knowing where you are starting from and where you want to go is essential.

The focus of this six to eight week process includes:

  • Discussions with you about your goals, feelings, management team, family members and your vision for the future. 
  • Discussions with your key managers, family and strategic advisors on similar topics. 
  • Data collection about your business financials, buy-sell agreements, franchise agreements, personal finances, current estate plans, business performance metrics, strategic plans and any other factual issues that impact your business.

Your unique situation is evaluated from 10 different, but highly connected perspectives, which provides a thorough understanding of your business and family environment.  At the end of Phase 1, you are presented with observations and considerations of potential problems and opportunities that are impacting your goals.

Phase 2 - Plan Development and Implementation


This is where we hit the ground running.

Phase II generally lasts about 12-18 months and is a highly collaborative and creative environment for developing solutions to meet your needs. What is referred to as an "Update Action Agenda" is used to organize and prioritize your most pressing projects amongst the planning team. This phase engages all players that are critical to the future success of your business including you, family members, key managers, and strategic advisors.

At the end of Phase II, strategies have been established and set in motion. With succession planning being an ongoing process, there will be long term strategies that will need further attention such as successor development, strategic planning initiatives, management teamwork, etc. However, rest assured that before Phase II is over, your most pressing needs have been pro-actively addressed. 

Phase 3 - Continuing Facilitation Services


Phase III's purpose is to ensure you are still going in the direction that you want to go.

Changes in your feelings, business opportunities, finances, family dynamics, and tax laws all can have a substantial impact on your succession strategy. Change is ok, and should be expected.  As changes occur, we review and make the needed refinements to your plans ensure goals, feelings and vision remain in alignment.


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