Family Business Succession Preparation
Family owned businesses are known to have poor survival rates. The well-documented number one reason for family business failure is poor Communication followed by lack of Preparation. Regardless of size or maturity, we prepare family owned businesses to communicate effectively, align behind common values and eventually pass the business operations smoothly from the owner to someone in the family. Our objective is to keep the family in tact for the long term benefit of the business.
Succession Strength was founded from our experience working in and around family businesses and the desire to see families in business overcome these issues. We bring a unique approach to helping families in business succeed for generations. Our approach focuses on overcoming conflict and communication barriers; and preparing successors to successfully take over and thrive.
What We Do
We work with families in business – both owners and successors – to secure the business for the long term; prepare the family and the business to navigate the complexities of a succession for a smooth transition; and successfully integrate the new leader into the business.
Effective Communication and Preparation for Smooth Transition
Reopened Communication Lines. Successor Preparation. Executive Guidance.
How We Work
SUCCESSION STRENGTH ASSESSMENT
This free 5-minute assessment uncovers the strengths and weaknesses of a family business’ efforts in passing the business from the owner to someone within the family.
Unsure of where you need help?