THE SCENARIO
“I’m no spring chicken, I’ve been through the mill. It’s time for the family to takeover. I need knowledge, experience and impartiality to guide me through the process, avoiding the pitfalls, and keeping everyone on board focused and motivated.”
FINDING SUCCESSION SUCCESS
Remarkably, many businesses, family owned businesses in particular, have no proper succession plan in place.
On many occasions it’s taken for granted that a family member will pick up the keys one wet Monday morning and everything will carry on as before. Fat chance.
Effective succession management can take months, maybe years of planning and frank discussions that don’t always go to plan. When a business owner retires or sells the business the uncertainty reaches into every corner of the company. I can help you build a succession strategy that will prioritise your wishes for yourself and the business, guide your children if they are involved, negotiate through any potential trade or management buy-out and keep the ship on course while doing so.