Business Succession Planning

Whether your long-term goal is to sell the business or keep it in the family, let us help you bring all the pieces together.

Worried About the Future?

Lean On Us For Insight and Encouragement

Impacted by the Succession Planning Myth?

Download Our Free Report: 5 Misconceptions Impacting Succession

Featured Resources

Growth

Strengthening and Maintaining the Heartbeat of Your Business

Succession Success™ is not simply about you getting your “ducks in a row,” it is also highly dependent upon the predictability of profits, ability to grow, strength and depth of your management team and a unified vision for the future

Family

Are Emotions Tearing Your Business Apart?

Bloodline or not, you truly care about the welfare of each of your partners, managers, employees, and their families. Frequently, it is our emotions that get in the way of productivity, teamwork, and Succession Success™

Legacy

What Type of Legacy Do You Want to Leave?

The business ultimately takes on your values, goals and objectives. Therefore, identifying and clearly communicating your goals and vision for the future is critical to business succession. Your family, management team, and employees look to you for leadership.

Our 360° Approach

Business succession planning doesn’t have to be complicated. The desired result is pretty simple: Your business should continue to thrive and grow for future generations.

Conflict, lack of governance policies, family trauma, and addiction are just a few of  family dynamics that impact business culture, performance, leadership retention and strategic decisions.  There is no business gain worth a family loss, and; you can’t run a business like a family or run a family like a business.

Our decades of experience facilitates positive outcomes and efficiently addresses the possible, probable and potential issues impacting the value of your business, allowing you to live the lifestyle you want and achieve your long-term business vision.

The Succession Matrix®, a 10-Point Perspective

We evaluate and approach your business from 10 unique, yet highly-connected, perspectives, providing a 360° view of your environment.

With no stone left unturned, you can have peace of mind that your goals will become your achievements.

This is a complex process we walk you through. Click here to learn more about the Succession Matrix®

Owner Motivation & Perspective

Motivation and perspective establishes operating direction and performance expectations.

Learn More

Personal Financial Planning

Use the fruits of your labor to build personal financial security independent of the business.

Learn More

Successor Preparation

Learn and apply six key attributes for evaluating your potential successors.

Learn More

Leadership & Management Continuity

Identify, motivate and retain highly-qualified employees.

Learn More

Management Synergy & Teamwork

Teamwork is not a natural behavior in business. But team dynamics can be taught.

Learn More

Business Structuring

The structure of your business impacts taxation, control, and access to cash flow.

Learn More

Business Performance

Achieve and maintain a high level of performance before succession occurs.

Learn More

Strategic Planning

Know where you want to go and how to get there to end up in the right place.

Learn More

Family Dynamics

Improve family relationships to help achieve your business goals and succession vision.

Learn More

Family Governance

Establish Family Governance processes to sustain a business through multiple generations.

Learn More

3-Phase Succession Process

Addressing current business issues and long-term decisions can be overwhelming, especially when emotions are involved.

Our process relieves business-family anxieties by simplifying what can be a complex planning environment.

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

We work in a three-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.

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.

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 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.

The best time to plan for your legacy is now.

Get in touch, and we’ll help you take the first steps.

Download free report: 5 Succession Planning Misconceptions
Connect with us