Building Long-term Business Value
Building sustainable structures to weather the elements for generations takes a collaborative approach with a diversity of specialties to get the job done. Architects creatively design the plans based on the vision communicated, engineers confirm the structure can absorb the weight and the litany of contractor and subcontractor specialties identify the durable products and implements the design. Succession planning is no different
Cultivating a business to support your lifestyle and all those depend upon it requires a diversity of specialties collaborating to make your vision a reality.
Whether you are looking to grow your business and/or looking towards business transition, for the past 45+ years our meticulous attention to the probable, possible, potential details allow you to prepare and avoid any looming issue impacting your goals.
As experts in the complex, we approach the business from 10 interdependent perspectives, which optimally positions your business to grow, sell to a third party or transition to the next generation. The number one thing business owners notice when they engage our services is clarity and a strong 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.
Resources
Passing the Baton to the Next Generation
If you’ve decided that it’s time for your kids to take over the family business, there’s more to it than simply handing them the keys. You need to have a succession plan. We can’t give you a template, as there’s no single “right” way to do it. But you do need to have a [...]
What’s The Best Message Leaders Can Send In Times of Crisis?
We often get too focused on what we are going to say to our customers and clients and forget about our employees. It is critical your employees are informed well before your clients. This provides a sense of being safe and protected and keeps the rumor mill from churning, while [...]
What Should I Be Sharing, As A Leader, In Times Of Crisis?
Confidence, compassion, transparency and listening are four keys for sending the best message to your people during a crisis. As leaders we need to be authentic, relatable and be willing to show our human side. Jenny Cybul with Bennet Thrasher and Dan Schneider with The Rawls Group talk about the [...]
What to Consider As Business’ Start to Re-Open?
The biggest consideration for business owners as you start to reopen is ensuring the safety for your people, customers and communities. It is your job to ensure you get your people back to work safe, and that your protocols and process are clearly documented and communicated. Matthew Scully with Burr [...]
Developing Family Member Successors
What Is the Best Way to Approach Training Your Employed Family Members? A family business is an inherently volatile environment due to the combination of the emotion of family with the cold reality of business accountability, creating frustrations on the part of all family members. The keys to effective family management are respect, communication [...]
Video: I Don’t Want to Retire
For most business owners, you love what you do and you probably feel like Bobby Bowden, FSU football coach who was reported to say, “I don’t want to retire and die six months later like Bear Bryant!” To many, retirement feels like the end. I’m just like so many of you – retirement is not [...]
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The Succession 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
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Contact us and 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.
