Galliard Family Business Advisor Institute
Articles, presentations, exercises, and materials related to succession planning.
What does it mean to leave your business successfully? According to GFBAI member, Paul Cronin, COO of Successful Transition Planning Institute, it requires “having a clear plan now for what you want to do with your life after leaving your business.”
…Are you a family business advisor whose age starts with a 5 or more? Are the people in your office walking on eggshells wondering what happens to them when you retire? Are you practicing what you teach about planning for what happens to your practice when you begin your “third phase?”
…I’m stuck and I know it! It could be a great new space…take out the bunkbeds and the dresser painted the once-perfect yellow…bring in a bigger guest bed, add some new pics…and voila! A new guest room and place for my sewing machine and yoga gear. Over the last year, I’ve composed the Craigslist ad a dozen times…in my head. But I’m stuck.
…These are some of the questions we suggest you consider answering as you look to the future—your own and your businesses’.
…Good grief! Have you ever scratched your head wondering why your client is resisting the creation of an all-important succession plan, especially if that’s what you’ve been hired to do? Or maybe your aging accounting client keeps ignoring your suggestions to work with a succession planning expert?
You might be surprised to learn that grief is actually one of the emotions and invisible barriers to creating a plan for succession. But what is the grief about? Where does it come from? And what can you do about it?
…My main symptom is acceptance. Acceptance in the form of many thoughts that distill down to: “Okay, so things are changing, what are my options for dealing with it?” And when I am at my most optimistic, I add: “…and coming out better or happier on the other side?” Since I’m referring to The DREC Model for Change, acceptance is a fantastic symptom.
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