Energy Succession Planning- Fueling Business Succession Strategies
The oil, propane, gas, HVAC, and renewable energy industries have deep family-business roots. Families are diverse; whether you are blood-related or two or more people working together for reasons other than money, the bonds are strong in energy-focused business. We are experts in the complexities inherent with energy succession planning decisions and developing succession planning strategies, so your business is flexible and agile to respond to the constant environment of change.
Not to be confused with exit planning, succession planning provides solutions to overcome the possible, probable, and potential issues that impact your vision. Succession planning transforms your vision into reality, whereas exit planning ONLY considers the process of you leaving the business through sale or transfer. Business growth, developing next-generation leaders, treating family fairly, overcoming generational conflict, and transforming your business to meet customers’ changing preferences and economic pressures are a few of the common issues we partner with our clients to succeed.
We advise business owners on the 10 interdependent Succession Matrix® perspectives to position your business for growth, sell to a third party, or transition to the next generation. We leverage our more than 45 years of experience to provide clarity and a strong path forward when it comes to your energy succession planning.
Business ownership by nature is risky; succession planning, however, creates strategies and structure to put you in control. Our team of experienced energy succession planning specialists are here to make your family business succession a breeze. So what happens when you decide to take the next step towards the future you imagine…now?
Resources
5 Winning Recruiting Strategies
When times are going well, recruiting, and retaining talent is challenging. When times are going great amidst a pandemic, it has become downright almost impossible. Business owners are facing talent shortages like never. The competition is across industries, local and state borders. The transition to flexible and remote work environments are enticing workers to [...]
Secrets to Recruiting The Talent You Want
Where are all the workers? The shortage of workers directly impacts our ability to keep the business open during regular business hours. The unfortunate reality is that this is not unique to one specific industry. Over the past year, we have talked to business owners in a diversity of industries; and the following three [...]
Strategies for Cultivating Attractive Business Cultures
Whether directly or indirectly, family dynamics impact the business' ability to be successful, profitable, and, very importantly, scalable. Whether blood-related or not, how family influences business decisions is either an asset or a liability to your culture. Family comes in those blood-related to the owner, key leaders, and even extended family. Creating boundaries early [...]
How Do I Manage Negative Emotions of Others When I am Supposed to Encourage and Lead?
The most important thing to recognize when dealing with any negative emotions, whether it is your own or those of your team, is that we are all human. We all deal with the unknown in different ways, but for certain we all carry anxiety and stress. It is important as [...]
Taking “IT” to Another Level – Leaning Into An Alter Ego
Want to be a better leader, a better communicator, create more options, and move closer to what you want? Alter egos creates the opportunity to turn up or down characteristics, strengths, etc. in certain environments. You can borrow success patterns from one area of your life or leaders/influencers you respect [...]
How do I protect my business if I, as the owner gets the virus or one or more of my key people?
Business contingency planning is essential for ongoing business success. For business continuity, the key leadership must put processes and structure in place that if they are not around, or if something unexpected happens, the business still survives. Unfortunately, if this is not in place, the business value can be dramatically [...]
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The Succession Planning Matrix
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.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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Contact Us
Contact Us
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.
