Entrepreneurial_Succession

Which child will own the lion's share of the business, maybe they'll share equally, or maybe they won't come into the business at all? Who will manage it? When will it be time for someone else to take over? Maybe I should sell?

All simple questions with seemingly straight forward answers. Yet only 30 percent of family-run companies succeed into the second generation. An even smaller 15 percent survive into the third. The reason is obvious: they're not simple questions and the answers are not so straight forward.

It takes time to think through the options, and put the plan in place....an orderly transition is a process not an event. Three to five years is a minimum, ten to fifteen is better....the more time allotted for planning and preparing, the better the transition will be.

We can help you come up with the right answers.   We'll challenge your thinking and make sure that you've considered the alternatives.