Statistics on the success rate of family business successions are shocking. Why is that?
Studies tell us that 85 % of failed transitions happen because of poor communication, mistrust, and a lack of planning. That can be avoided.
Further statistics tell us that nearly 2/3rds of business owners are not familiar with all of their transition options. Ouch. Profoundly, 75% regret selling the business a year later. That’s motivated me to create change and awareness.
Where do you start when it comes to succession planning and how can you tell if the next generation is ready and worthy? Are you thinking about retirement or what’s next?
Our logic
Our Services
Family Business Advisory
Wondering if it is time to step back; if the business should remain in the family and who should lead it?
Are you feeling like the family dynamics are getting in the way of business performance?
Finding that it is difficult to have a family business discussion without blame, pain, or alignment?
Family Businesses have a unique set of dynamics that need to be respected and understood to optimize the best outcomes for the family and business. As an accredited family business & exit planning advisor, I’m well experienced and connected to enable progress.
Steps:
1) A series of interviews and exercises with shareholders to extract the vision or strategy
2) Carefully consider the processes that are required to achieve this.
3) Facilitation and ownership of the customized process and connections
Outcome:
Happy families and businesses.
Best for:
Creating a robust, long-term succession approach that covers all contingencies
Solving existing problems with communication and governance
Grooming successors for their future roles
Transition Planning - best practice approach
Our holistic approach explores the key elements for a successful transition. A collaborative team of experts is introduced a the right time in the process enabling the best education and outcome.
Personal.
What’s next? Together, we define a sound plan for a purposeful and fulfilled life post-transition that keeps you and your family’s needs at the core.
Financial.
How much do I need? Know exactly where you stand financially along with the likelihood of meeting your goals and adopt the right approach to protect your business’ value.
Business.
How much will my business contribute? Know with certainty whether your business is likely to help you meet your post-transition needs so that you can take the right steps now to maximize the value that you can extract when you transition.
Programs & Workshops
Live with Purpose Workshop
Your transition plan
On-line
One-on-one sessions with a qualified Transition Advisor
decide program
For business owners. Your Business Succession Plan.
On-line
One-on-one coaching by a qualified Transition Advisor
Introductory Program
What’s next for your business?
On-line
One-on-one coaching by a qualified Transition Advisor
From my family people to yours - Happy Days