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.
- 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