The Succession Solution is the premier succession planning program designed to secure the future of your closely-held business.
Created by accomplished entrepreneur, strategist, attorney and CPA (inactive) Brad Franc, an active advisor to hundreds of closely-held business owners on their own succession plans.
Statistics show that the survival rate of business transitions from the 1st to the 2nd generation is just 30%, and drops down to 15% and then under 5% for each subsequent transition. With The Succession Solution, you'll avoid the all-too-common family disagreements, diminished company value, and lost employee jobs often caused by a change in leadership, and increase the value of your business.
The Succession Solution is a 6-stage 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.
Survive and thrive in the transition to the next generation.
The 6 stages of The Succession Solution are:
Establishing purpose
We'll begin by establishing your company's purpose, principles, and long-term vision.
Discovering where you are now
We'll evaluate the current structures of your business, family, and ownership that may impact the succession plan.
Identifying challenges
We'll assess the strengths and opportunities of your company, as well as any potential obstacles that may arise during the succession process.
Creating a plan of action
We'll develop a 3-year plan with specific goals and actions to move you closer to your long-term vision.
Annual review and adjustment
We'll take the 3-year plan and create a specific action plan for the next 12 months.
Quarterly tasks and review
We'll break down the actions from the 1-year plan into quarterly tasks and assign them to the appropriate individuals. We'll evaluate progress, set new tasks, and make any necessary adjustments to ensure success.
As a business owner going through The Succession Solution process, you'll receive:
A completed, action-oriented Succession Solution Roadmap that clearly defines your purpose and goals, where you're at today, your obstacles and opportunities, your 3-year and 1-year plan, as well as the quarterly tasks that need to be done to keep you on track.
Personal guidance, direction, and direct facilitation from our team through each of the 6 stages of the process. This includes our attendance in quarterly meetings, initial discussions with you and other relevant family members and stakeholders, and regular “accountability” checkups that ensure everyone is doing what needs to be done to move towards plan implementation.
Coaching through fundamental transition issues that may impact your business, family, or employees. Whether it’s determining who is actually the right choice to take over
What our clients have to say…
“I was referred to Brad by a few family business owners who were very pleased with his work.”
“We now have a plan in place that should enable our family business to succeed and continue to thrive and survive in the future.”
Get the Book
The Succession Solution: The Strategic Guide to Business Transition