Podcast for NextGens
Nike Anani, Galliard Co-Director, hosts a podcast on NextGen coaching and mentoring. Subscribe here.
Nike Anani, Galliard Co-Director, hosts a podcast on NextGen coaching and mentoring. Subscribe here.
Tsitsi Mutendi, Galliard Co-Director, hosts a podcast on the everyday issues that affect family businesses and family enterprises. Subscribe here.
…This worksheet includes all the crucial information someone would need to step into your role once you decide to leave your position, or in the event that unforeseen circumstances prevent you from continuing the work before you’ve decided to leave.
…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?”
…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?
…When an opening occurs, are you caught off guard?
…The drum is beating…a persistent sound that is getting louder and more urgent by the day. Now, more than ever, hundreds of thousands of Americans are facing an unknowable, unpredictable and frightening future.
…I met with Carl three times in less than times weeks. He really wanted me to “experience” his business, show me how great they were doing and what an exciting client company this was going to be.
…I recently worked with a client whose business had enjoyed many years of robust growth.
…Webinar recording: “Succession Planning – Why Business Owners Often Don’t Get it Right and How You or Your Client Can.”
Presented by Paul Cronin, Successful Transition Planning Institute.
The following content is accessible for members only, please sign in:
Chapter 1:
If you don’t want to think about retiring, I don’t blame you. There are plenty of reasons for not changing what you have now.
…How advisors can help make environments safe so difficult conversations can be held and how to manage emotional issues in a business as they develop future leaders.
…I have learned that this is not a state that one can create entirely independently. Rather, it is a delicate dance between willing, caring, compassionate co-creators of a social contract. I have seen rare, but beautiful examples such as one memorable afternoon in a small San Francisco diner.
…Historically community banks haven’t embraced their role in addressing the opportunities and challenges in ownership and management transition for family-owned and closely-held businesses. Rather than continuing to stand at arm’s length, there are several issues that community bankers need to take into consideration that would benefit their business clients and could mean new business opportunities for the bank itself:
…Would your clients want to know how to make a leveraged buy out tax deductible?
…We all know that this is a tricky issue and sometimes a challenging conversation.
…A few weeks ago, I met with Tom, a past client who I hadn’t seen in almost five years. I was about to ask how things had been going when he cut me short, saying, “I guess you heard about me and Gabby.” When I looked confused, he continued, “We split up. After almost forty years of marriage, I couldn’t take the way she was spending my hard earned money or the lifestyle she wanted to live, so, I left.”
…A series of videos from the GFBAI archives:
A series of videos from the GFBAI archives:
A series of videos from the GFBAI archives:
As a business evolves and grows, the roles and expectations of managers, including owners, begins to shift. However, in many cases, this simply happens by default, with little or no discussion. Problems can arise when expectations differ and when people don’t perform in a way that is consistent with expectations.
…If someone told you that about half the people who run half of America’s most active and inventive businesses will retire in the next four years, would you care? You should.
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