Because whatever got you where you are today will not be sufficient to keep you there tomorrow.
The road is coming faster than we think. One thing is for sure; every business will eventually face a reality that will require a substantial transition due to the following:
• The new shift in our economy and its impact on our future
• The overall desire of an organization “to just get better”
• An opportunity to dramatically expand through acquisition
• An eventual change in leadership due to generational succession
• An eventual change in control due to the owner’s desire to sell
Whatever the case, you must anticipate and prepare for its impact. And make sure your company achieves its full professional and financial potential while doing so.
As we continue to successfully work with companies, our clients realize that traditional transitions are chain reactions and not planned events. They are now benefiting from a process that "Readies them" for unfolding events. As fast as changing business environments unfold and as our nation's baby-boomer leaders continue to “pass the baton,” the importance of having these transition strategies is significant to all involved.
"Only 30% of family owned or family controlled corporations survive into the second generation and just 15% survive into the third."
U.S. Small Business Administration
"2/3 of businesses surveyed in the 10 county area of Northeastern Wisconsin have no plan for business succession."
Nicolet National Bank Pulse
"The person surprised is half beaten."
Thomas Fuller
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