Did you know that 70% of all businesses fail to survive past the first generation of business owners?
The good news is that most common causes of failed business transitions are not occurrences outside your control, like a technical tax issue or poor estate planning.
In fact, 60% of all business succession failures are the result of a lack of trust or communication, and 25% are the result of an ill-prepared successor.
This means that 85% of all business succession failures are related to the inability to resolve family conflicts and train the next generation of leaders. An effective succession plan not only increases the sustainability of your company but can also increase the value of your company.
Research shows that having a strong succession plan can directly impact the financial success of your company in the long term.
This is where The Succession Solution comes in.
The Succession Solution is a 6-stage succession planning process that considers all aspects of succession (including tax, legal, financial, and familial) to truly secure the future of your company, yourself, and your employees in its transition to the next generation of owners or managers.
The Succession Solution Package
A completed, action-oriented Succession Solution Roadmap with goals, long- and short-term plans, action steps and more
Personal guidance, direction, and direct facilitation from our team through each of the 6 stages of the process
Coaching through fundamental transition issues that may impact your business, family, or employees
Confidence that you’re increasing the sustainability (and even the value!) of your company long term
MEET BRAD FRANC
Creator of The Succession Solution, and learn about his experience and credentials as an entrepreneur, business coach, strategist, business lawyer, and CPA.
