Manufacturing Succession Planning

Manufacturing Succession Planning2021-03-25T18:16:31-05:00

Manufacturing Succession Planning

As manufacturing succession planning experts, we can relate to the process of building a product from start to finish and getting it out the door while ensuring quality, consistency, and efficiency. It involves a variety of nuances highly interdependent of each other. Managing supply chain, technology/machinery, process, and cultivating a high performing culture are just a few of the many influences impacting success.

From our experience in the manufacturing industry, we are experts in streamlining complex moving parts towards one focus, the legacy and lifestyle you have committed your life’s work to provide. Similar to the development of your product, through considering 10 interdependent areas of your business, we construct and implement succession strategies to achieve your long-term vision.

The number one thing business owners notice when they engage our services is a clear path forward.

What happens when you decide to takes the next step towards the future you imagine…now? Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control of your manufacturing succession planning.

Resources

5 Winning Recruiting Strategies

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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 [...]

50/50 Is Not Always Nifty: Partnerships that Don’t Work

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In Marvin Storm's Business Exit Strategies Podcast Episode titled: "50/50 Is Not Always Nifty – Partnerships That Don’t Work, Champ and Loyd Rawls share 4 different stories illustrating the potential, possible and probable issues impacting the ongoing success of the business.  Highlights include: The CONTROL Rod: A family operation with three [...]

How Do I Motivate My Children, Nephews, In-laws, etc. to Come Into My Business?

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Your behavior and attitude towards the business act as role model behavior for your family. Therefore, speaking and showing positive feelings regarding the business is the best way to motivate the family to join. Express how much you enjoy it, the exciting and wonderful career opportunities and prospects for growth. [...]

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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.

Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.

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.

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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