| Generations
of Success: Succession Planning for Family Owned Businesses
Second only to start-up, the transition from one generation
to another is the most difficult hurdle a privately held company
will ever face. Less than 30% of those who try succeed. It
doesn't matter if the transition is from first to second or
second to third generation, the results are nearly the same.
Over 70% of the time, the company either fails or must be
sold.
The
job of the next generation is much more difficult than most
people think. To help you meet this serious challenge, the
Xavier Consulting Group has developed an expert team to educate
your family business in world-class leadership and management
techniques. With your business positioned for continued success,
this program will lead you through various ownership issues
and strategies designed to avoid potential disharmony within
the family. Moreover, this program will equip your succeeding
generation to face the challenges that lie ahead while you
are still leading and managing the company.
This
program is appropriate for every private business, not only
those preparing to transition to the next generation. Every
company’s long term success depends on a team effort
and involves clear direction, motivation, effective resource
management, measurement and communication. By preparing for
succession, a company is as prepared and agile as possible
for any challenge or opportunity that may present itself. |
| Who
Should Attend
In addition to the current family business owner(s), future
shareholders are encouraged to attend.
Program
Objectives
Participants will discover and work with strategies for aligning
their interests to achieve a common vision – preparing
their business and family relationships to flourish for generations.
The program will be led by a team of Xavier University instructors,
experienced consultants and prominent service professionals,
each possessing years of experience dealing with the unique
issues faced by family businesses. Breakout sessions will
facilitate dynamic interaction within each family business
team, exploring all aspects of the business and its ownership.
Faculty
Our faculty will be drawn from this representative list.
Len
Brzozowski
Margaret
(Mag) Casarez, M.O.D..
Donald
J. Feldmann, Esq.
Steve
Hancox
Daniel J. Hoffheimer, Esq.
Bob
Jablonski
Joseph
L. Rippe Sr., CPA, CVA, CM&AA
Jim
Wycoff
|
Workshop
Content
The
extensive curriculum covers business leadership, wealth accumulation/distribution
and responsible business ownership. Experts will lead discussions
involving:
The
Business Planning Process
- Defining
where we are heading
-
Assessing the market
-
Creating the value proposition
-
Designing a strategy
-
Assessing the Gaps
-
Leading and Managing Across the Generations
-
Defining the control metrics
Effective Wealth Transfer Strategies
-
Retirement Planning
-
Estate Planning
-
Business Valuation
-
Acquisitions & Divestitures
Managing the Transfer of Control
- Family
Business Governance
-
Four Policies Every Private Business Should Have
-
Shareholder Communication and Education
-
Conflict Resolution
-
Strategic / Estate / Retirement Plan Reconciliation
Participants will leave this program fully prepared to complete
their family business succession planning. Aided by the strategies
and perspectives learned, they will be able to set a course
that will promote a highly performing business, owned by informed
and interested shareholders, mindful of family relationships
of all involved.
|
