As Joe Chastang shares, getting your company started, running it, and being successful is a good feeling. Seeing your kids step in and do better is a better feeling. In 2015, when Joe embarked on the succession planning journey led by Jeff Faulkner and Jeff Bannon, he reviewed the action list and wasn’t sure how we would get it all done.

Integrating family into the business and transitioning ownership and leadership to the next generation is not intuitive. As Joe shares, it takes outside experts to avoid emotional and business landmines that can devastate family relationships or the business vision. The DIY approach limits the options, perspectives, and strategies for navigating the high-stakes environment of a family business.

How We Help You:

Are you struggling with family business succession planning? Transitioning ownership and leadership to the next generation can be complex and emotionally charged. Avoiding potential pitfalls requires expert guidance to navigate the delicate balance between family dynamics and business objectives. As Joe Chastang discovered, the succession planning journey demands more than a DIY approach—it necessitates insights and resources from outside experts.

Contact us, and let our team provide you with the expertise and support you need. With our guidance, you can navigate the intricacies of family business succession planning and ensure a smooth transition while preserving both family relationships and the business vision. Schedule a consultation today, and in just 30 minutes, gain valuable insights and actionable ideas to apply to your business immediately.

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:  Best Thing We Ever Did


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 provide insights and other resources and assess whether it makes sense to work together. In just 30 minutes, you may gain actionable ideas that you can immediately apply to your business. Contact us via phone or email below, or fill out the “Ask An Expert” form.