The Succession Solution: The 6-Stage Succession Planning & Advising Program That Secures the Future of Closely-Held Businesses
Created by an attorney, CPA, and entrepreneur who has advised hundreds of closely-held business owners on their own succession plans
Did you know 70% of all businesses fail to survive past the first generation of business owners?
Luckily, there’s some good news – the most common causes of failed business transitions are not occurrences outside your control, like a technical tax issue or poor estate planning.
In fact, 60% of all business succession failures are the result of a lack of trust or communication, and 25% are the result of an ill-prepared successor. In other words, 85% of all business succession failures are related to the inability to resolve family conflicts and train the next generation of leaders.
Put another way, 85% of the common causes of succession failure are in our control and obstacles you can protect yourself against with a well-made succession plan.
Not to mention, an effective succession plan can even increase the value of your company (research shows having strong leadership in place can increase the valuation of a company by as much as 30-40%!).
Learn more about why all business owners need a succession plan here.
And that’s where The Succession Solution comes in as...
The Succession Planning & Advising Program for Closely-Held Businesses Who Want to Survive (and Thrive!) in the Transition of Their Business to the Next Generation
The Succession Solution is a 6-stage succession planning process that considers all aspects of succession (including tax, legal, financial, and familial) to truly secure the future of your company, yourself, and your employees in its transition to the next generation of owners or managers.
Throughout the process, you’ll get:
A completed, action-oriented Succession Solution Roadmap with goals, long- and short-term plans, action steps, and more
Personal guidance, direction, and direct facilitation from our team through each of the 6 stages of the process
Coaching through fundamental transition issues that may impact your business, family, or employees
Confidence that you’re increasing the sustainability (and even the value!) of your company long term
Meet Brad Franc: Attorney, CPA, Entrepreneur & Creator of the Succession Solution process
I’m Brad Franc – the creator of The Succession Solution, a business lawyer named by Worth Magazine as one of the top 100 attorneys in the United States, and an entrepreneur who has formed 4 separate companies (which have been named 9 separate times in INC Magazine’s list of fastest-growing companies in the U.S.).
Over my 30 years in the field, I’ve counseled hundreds of closely-held business owners on their succession plan. And from this experience, I’ve created my own unique succession planning process, which my team will lead you through directly as a client of The Succession Solution program.
“My Company completed a 1 year planning period deploying The Succession Solution.
From day one, Brad, with the use of The Succession Solution, generated motivation and optimism in regards to increasing profitability and strategic departmental and company-wide planning.
The 12-month result was sensational and eye-opening to say the least.
”
“At almost 70 years old, I had six of the next generation working in our family construction company without a clear succession plan in place. The goal was to pass on leadership from Gen 2 to Gen 3, and have all the stakeholders buy into it!
Brad Franc personally led us through a multi-step process using The Succession Solution guidelines to not only develop but to implement a sound plan. It’s working, and has alleviated a great deal of stress common in family businesses.”
GET THE BOOK
The Succession Solution:
The Strategic Guide to Business Transition
“Having spent the past 25 years in a 75 year old family owned business, I’ve seen generational transitions go well and thrive, and I’ve seen them destroy relationships. As a third generation owner, I feel tremendous responsibility to my family, coworkers, customers and suppliers and I realized I’m a caretaker of a wonder asset that takes care of over a 100 families.
I've wrestled with how to thoughtfully and properly make sure my business is vibrant and sustainable for the families that rely on the company for their livelihood for many years to come.
Thankfully, Brad Franc has written an excellent book, The Succession Solution, which explains how to transition a business to the next group of leaders.”
—Scott Heeter, President, Heeter Printing Company, Inc.