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
Earning Respect in the Family Business
A successful family business can provide opportunities to all who are associated with the owners or viewed as family. History has proven, the odds of family business success through multiple generations dwindles with every ownership transition. However; where many family businesses have failed, there have also been many family businesses [...]
4 Strategies to Find Your Path in the Family Business
It can be easy to get lost in a family business. Not knowing who you are and what you want to from what the family, key leaders, and anyone who has an opinion or stake in your or the business's future. Constant conflict or shutting down to what you want [...]
Holidays, Magic and You
Holidays bring about a mix of emotions. Deep feelings, expectations, and reflection as well as celebration, joy, and cheer. The mixture can be very confusing. Listen in to hear “Your Tribe’s” experience in managing the expectations and pressures of the holidays. Link to Resources: Mindboarding Session: Set the tone for [...]
Four Secrets to Family Business Holiday Success
When it comes to the season of family, otherwise known as “The Holidays” it is common to experience fear and anxiety. We all want it to be like the best holiday movies, but the reality isn't a hallmark movie. There is a secret to creating a happy holiday, or season [...]
Transitions: Power of Letting Go Thru Change
A new chapter means one is over. A time of celebration for what is to come and mourning for what is being left behind. To grow, create experiences and live day by day involves change. Whether you are someone who seeks it out or works hard to avoid it, change [...]
Lead Like a Girl
Our discussion focuses on a recent article authored by Nancy D O'Reilly titled “Lead Like a Girl.” published on franchising.com' website In the article, Nancy shares “Women already have the raw material we need to become successful leaders. We just need to shift our attitudes and master the best practices to [...]
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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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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.
