Simplify & Enhance the Process of Succession
Help Ensure Continuing Financial Success for You, Your Business, & Your Family
Enhance the Effectiveness & Balance of Your Professional Leadership & Private Life
Don't Make Costly Assumptions
Many family business founders believe, often without asking, that their children want to lead the enterprise someday. However, in most cases, the next generation has other career aspirations and wants no part in leading the family business. When the founder is finally gone, each member of the next generation will pursue his or her real interests and the family business will languish, to be eventually sold or shut down, ending the family's source of income and the founder's legacy.
Get The Right Professional Advice
When family business founders seek business succession advice from their long-time advisors — attorneys, accountants, teachers, relatives, friends, or others with insufficient experience about business succession — the focus often moves much too quickly to ownership transition. Often, there is an assumption that leadership succession will occur naturally or be determined later. Ownership transition without practical leadership succession planning is a formula for business disaster and often results in passing a hollow shell to the next generation.
Practical leadership succession planning must be given priority over ownership transition. Put leadership enhancement programs and performance motivational plans in place well in advance of planned or unexpected ownership transition. Develop and implement creative, practical plans that accomplish your objectives without the issues associated with trust funds or insurance policies. We can help you.