family-business-succession-planning

A key theme emerged at the recent presidential inauguration, UNITY. At the core of anything successful and fruitful is unity.

Unity is also a core foundation of succession planning. Any party not in line with the overall destination will either slow down the process, stop it dead in its tracks or hold everyone hostage to their whims. We have seen it happen, everyone verbally agrees to the goal, but the self-serving priorities of one or two can derail even the best laid out plan. A proactive engagement in consistently communicating with all parties who have a vested interest in the organization’s ongoing success ensures you will be able to hear all those around you and decipher if they are working toward the stated plan or toward their agenda.

As we navigate a new presidential term, understanding that change is inevitable, we also know that by setting reasonable goals and establishing flexible strategies, we can overcome almost anything that 2021 and beyond have to offer.

Click the following link to read the complete article on the Franchising.com website: How a Change Relates to Presidents and Succession Planning

Read the article and then reach out to us to get some insights into your own situation. A few moments with us will provide you insight and clarity for your next steps forward. Contact Us


The Succession Matrix

Want to have control over the future of your business?  The best way to do just that, is having a plan.  Our approach in considering the 10 key areas of the Succession Matrix simplifies a complex planning environment.  Click the following link for more drill down resources on The Succession Matrix

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Contact us and 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.