One small misstep that was unforeseen, unexpected, and totally not at all planned for has had impacts on the global economy at large. Similarly, succession planning, if not engaged in, can do the same thing to the personal financial future of a business owner AND the sustainability of the business.
Had there been forethought and planning in place for the probable event of “what if a ship gets stuck”, then the world economy would not be looking at short and long-term impacts due to the ship running aground in the Suez canal.
Every business is faced with some sort of Predictable, Probable, and Possible issue that could derail the vision for the future. As such, the Federal Government is not the only organization to have a PPP program. The Rawls Group has its own PPP. Our PPP does not send you a check, but it does put you in a powerful position to create strategies to overcome obstacles. The TRG PPP is our description of the contingencies, the issues impacting the continuation of your success, the value of your business. We classify these as the Predictable, Probable, and Possible issues that affect the continuation of your business’s success:
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.
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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