As a family business owner, you know the stats. Only 30% survive to the second generation, and as few...
Family businesses face unique rewards… and challenges.
Succession planning for family businesses usually starts with tax and estate planning but there are often “soft” issues that can complicate decisions, such as:
- Who, within my family, is interested and capable of leading the business?
- How can I do what is right for my business and fair to my children?
- How will I know it’s the right time to transition?
- What will my role be when I no longer lead the business?
Knightsbridge Robertson Surrette has been working with family businesses for over 35 years, and we have a deep understanding of the unique challenges and rewards associated with operating a family business. Our team offers a holistic approach to leadership challenges, providing support through strategic and operational advisory, succession planning, financial counseling and retirement planning.
Clients benefit from the expertise of an industry leader in leadership development, with experience applying adapting proven approaches to the needs of family owned businesses. We recognize that every family business and every business owner is unique, so there are no standard formulas you can follow to successfully exit your company. Your consultant will work with you to develop a plan that is right for you, your business and the new leader.
You’ve invested considerable energy, time and money over the years to build a strong family business. As you plan for the future, you realize the day will come when you’ll have to hand it over to the next generation and make a graceful exit. As you plan your succession, there are three aspects...