The value of the business is directly related to the reliability of future profits. Potential buyers, banks, investors, top talent, and strategic relationships all care about the sustainability of business performance. A temporary, or as we call it, a “Contingent Successor,” provides a business owner and their family a strategy to bridge a leadership gap due to an untimed or unplanned life event where the owner is no longer able to lead or operate the business.
A “Contingent Successor” protects business value. The news has covered numerous stories about the value of a business plummeting due to the owner’s unexpected death. As a result, the surviving family and community suffered.
Listen to Jèan Venant share different scenarios when a “Contingent Successor” can add value to your family and business succession planning.
Family Business Resources:
- Leverage our 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 Jèan Venant directly at jean@rawlsgroup.com.
Family Dynamics and Family Governance
Family Dynamics and Family Governance
Family and Business alignment is hard to find when business issues liven up family dynamics.
However; with proper process, governance policies, and mutual respect built over time, a Family Business can thrive through multiple generations. Click the following links for more drill-down resources on Family Dynamics and Family Governance.
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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.
