Peak performance helps sustain operations through fluctuating business cycles. It also supports the unique complexities of your organization, critical to building value, business succession planning, and most importantly sustaining your legacy.
Why Is it Important for Business Succession Planning?
- Transitions generally bring with them a drop in profits. New leadership, management, or strategic direction creates distractions, whether good or bad. Your business must be operating at peak performance to fulfill cash flow needs and expectations during times of transition. Doing this is essential to maximizing the value of your business and lays the foundation for seamless business succession.
- Business value is tied to performance. Top talent, strategic vendors, and creditors are influenced by your plan, which is why business succession planning is so important. For example, where you stand compared to your competitors, overall employee teamwork and efficiency, and how your business is prepared for the future concerning innovation, technology advances, market changes, contracting margins, and more demanding customers.
Download the Business Performance section of our Succession Matrix® guide.
See how your business compares to best practices in our printable guide complete with worksheets and additional insights.
Symptoms of a Business Performance Problem
- High turnover
- Management turf wars
- Customer complaints
- Poor profits/financials
Start your business succession planning process equipped with the knowledge of how Business Performance directly affects the value of your business. Click here to learn more by checking out this article from Kendall Rawls’ article on Franchise.com.
What are the issues impacting the value of your business?
Contact us to schedule a Phase I diagnostic assessment of your business to find out.
