Succession Planning is Your Family Business: Your Future Depends on it.
For many families, the business is everything. It provides them with income, purpose, equity, opportunity and a future. The trouble is, too many families overlook the need to provide a future for the business. They don't have a succession plan. Why? Despite its overwhelmingly positive outcomes, people fear family business succession planning will make them uncomfortable.
EMBRACE THE FUTURE OF YOUR FAMILY BUSINESS.
We won't sugar coat the issues of family business succession planning. But our experience, understanding and comprehensive array of resources allow us to solve your problems sensitively and thoroughly.
We're adept at overcoming the most significant roadblocks to family business succession planning:
Tackle the unspoken issues
Create individual and organizational strategies
Develop unencumbered business operations
Nurture positive family relationships
Preserve and grow wealth
Thinking about tomorrow today can help your family business thrive from one generation to the next. We can help with your family business succession planning with our exclusive Vision for Successtm. Contact us today by Email, call us at 612.375.0640, or fill out our contact form.
If you enjoyed this article please consider leaving a comment below, sharing it and/or subscribing to have future articles delivered to your RSS feed reader.blog comments powered by Disqus
Last time, we discussed countertransference and how to recognize clues that you've been asked to "ride the elephant" of handling powerful client emotions. Here we'll discuss Inside-Out Succession Planning and how to broach the subject of a family business consultant. Read More
Few technical professionals are trained to deal with emotional issues, humans in stress, boiling altercations. They are experts who analyze the facts, make rational judgments and offer logical solutions. Handling client emotions is not taught in business school. Read More
Like any business, a family business strives to build the equity of the
company. However, as a business family, shareholders have a second
concern to build the emotional equity of the family. Whether the
business of the family is large or small, multiple branches or simply a
little start-up, it requires a commitment to strengthen family
relationships and build family trust. Read More
Do you neglect planning in your family businesses? It's not unusual.
Entrepreneurs who run family businesses often spend all their time
doing business rather than managing it. The value of planning in a
family business is discovered too late. It doesn't have to be that way.
The founder and entrepreneur of the family business is the architect of
the transition. The transition of management and leadership in a family
run business is also a migration to a new system; a system with
professional management and more formally communicated processes. Read More
It's easy to ignore the need for estate planning in your family
business. Excuses for postponing estate planning for family businesses
are easy to manufacture: It might distract from running the business.
It might create bad feelings. And so forth. But family business estate
planning has a huge upside. Read More
For many families, the business is everything. It provides them with
income, purpose, equity, opportunity and a future. The trouble is, too
many families overlook the need to provide a future for the business. Read More
Does your family business need help with succession planning, conflict resolution, management or other issues? If so, we'll arrange a one-on-one orientation meeting with you and Tom Hubler to help you explore the possibilities of working with us. If you choose, your family and business associates can also attend. Here, in a relaxed environment, you can talk about:
- Key family business issues - Plans necessary for the success of your family-owned business - Possibilities and expectations - Terms of the relationship