BUSINESS TRANSITION

& SUCCESSION

The right guidance and the right process will make transitioning a business from one owner to the next a successful endeavor. Unfortunately, far too many transition like this are not well managed. The statistics tell just how unfortunate.

THE STATS

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More than 80% of privately owned businesses that transition to new owners fail within five years.

Of those that survive the 5-year mark, 95% will close their doors in the subsequent 5 years.

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Why Transitions Fail

We believe this happens because the focus tends to be on the legal aspect of the transition and not on the more important part of the transition, the people part. Transitioning executives, employees, customers, suppliers, and strategic partners is by far the most important part of a business succession. Failure to teach, train, equip, and empower the new executives and key employees sets them up for failure rather than success.

OUR PROCESS FOR SUCCESS

ORGANIZATIONAL VALUE

Our process is designed to identify the unique value of the current organization. Value of an organization would include things like;

Systems
Knowledge and Expertise
Character
Integrity

These identified values must be systematically passed on to the incoming organization.

CULTURE

The strong, vibrant, innovative culture that will carry the organization through the transition must also be identified and brought into the newly transitioned business.