Succession Planning

Succession Planning is the operation of identifying and developing new leaders who can replace old leaders when they leave, retire or die. It increases the availability of team members who are experienced and capable to assume new roles. 

If you find that you are looking to scale back your involvement in your business or pass the reigns entirely, here’s a few questions you should be thinking about:

  • What do I want my legacy to be in this business?
  • Am I looking for a full exit to an acquirer or do I want to pass it to family or employees?
  • How do I structure the deal and when do I need a lawyer (Hint: Not until after you partner with GrowthLab!)?
  • How do I set the new management team up for success?

 

… You need to think critically about your succession plan -- how and who you want to take the reigns of your business.

 

At GrowthLab...

We help you navigate the sale / transition process and help identify blind spots. We Improve your accounting systems and clean up your books to launch the new team off to success. Finally, we help you tell your story to get the highest and best value --  price and cash flows versus risk

 

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