From Joe’s perspective, succession planning is the most reasonable thing he has done to help his business. As Joe says, “Like it or not, the family business is tough.” It never is “just business” when the family is involved, so it is hard to separate business and family matters. However, the process allowed the business to do much better and enhance the personal lives of the Chastang family.

Commitment to the succession process shows the next generation, key leadership, and employees how much you care and breeds respect and trust. With respect and trust, family, key leaders, and employees are in a position to listen, gain understanding, and collaborate to identify win-win strategies.

How We Help:

Are you struggling with succession planning in your family business? We understand the challenges firsthand and know that separating business from family matters is never easy. However, by showing the next generation, key leaders, and employees how much you care, you can foster respect and trust, paving the way for collaboration and success.

Contact us today, and let us help you navigate the complexities of family business and succession planning. Our insights and resources can provide valuable guidance, and in just 30 minutes, you may gain actionable ideas to apply to your business immediately. Don’t let succession planning hold your business back – reach out now and take the first step towards a brighter future.

Succession Planning Resources

  • Succession Readiness Survey:  A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook, impacting business value, growth, lifestyle, and ultimately achieving your vision.
  • Contact Us: We can help you with insights and other resources and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business immediately.

For more insight from Joe Chastang of Chastang Ford, check out the next episode in the 10-part series:  Livelihoods Depend Upon Business Success


The Succession Planning Matrix

Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.family-business-succession-planning

Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.

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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.