This eBook makes the case for starting succession planning as soon as possible, providing inspiration for owners who are just beginning to open up conversations with their family, and guidance for those who’ve hit challenges further along the process
62% of employees would be ‘significantly more engaged’ with their work if they knew their business offered a defined succession plan.
In this ebook, we look at why strong ties and long-standing relationships make succession planning a particular priority for family businesses.
Jo Macsween, Group Chair of Vistage and a veteran of two family successions, gives her advice on how best to manage the process and identifies common mistakes to avoid along the way.
There’s practical advice, too, on how owners should assess the quality of family business consultants they choose to work with.
Finally, Reg Athwal - author and founder of RTS Global Partners - provides his insight into the five key elements of a strong succession plan.
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Vistage is the world’s leading executive coaching organisation for small and medium sized businesses. For more than 60 years, we’ve been helping MDs, CEOs and senior executives solve their greatest challenges through confidential peer advisory groups and one-to-one executive coaching sessions with accomplished business leaders.
Today, more than 23,000 members in 20 countries rely on Vistage to help make better decisions for their companies, families and communities. The results prove it: Vistage member companies grow 2.2 times faster than average small and medium sized businesses, according to a 2017 study of Dun & Bradstreet data.