Conditioning for Transition in 2018
Family Business Succession is not a single event nor does it occur overnight. It requires preparation and conditioning before being attempted. During the months of December and January, Orienteering Succession will present nine key themes from the 2017 series that remind us of the conditioning required.
Two – Entitlement
There is often more unspoken than spoken in the succession process and expectations on everyone’s part go unfulfilled causing tension and frustration, for everyone including family members not even involved. Getting an early handle of everyone’s expectations is critical.
These four short blogs will help you lift everyone’s expectations to the surface:
‘Dad won’t leave’ is a common comment from the incoming generations undertaking the succession process – and, of course, sometimes it’s Mum who won’t leave.
Are you on top of your succession planning or are you hoping that it’s not yet time? Succession started the day you commenced your business. If you haven’t caught up yet, you better get moving.
For the new generation waiting for succession, the time lapse can seem intolerable and more often than not they wonder if it’s all worthwhile.
‘Will we ever get ownership?’ is often a gentle take on the unspoken questions of independence and achievement for the incoming generation.
Act Now To Ensure A Successful Transition
The Ultimate Guide to Family Business Succession
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All the best in your succession journey
Richard Shrapnel
