As business owners age and the business matures, smart companies will turn their attention to the future, planning for the long-term success and growth of the business.
However, this is not always easy when key decisions need to be made regarding who will lead the company and in what direction.
Any business will benefit from addressing these four key areas:
1. Strategy development
Strategy development can be a well-designed and comprehensive strategic plan, or a simple planning document that clearly outlines the goals and objectives of the company and the steps to get there. However, complex or simple, it is important that business leaders share a vision for the future and have an agreed path to follow.
2. Succession Strategy
Succession Planning means preparing for the long-term success of the business. It is not about just finding one person to purchase or lead the company. Successful companies build strong teams that work effectively together to develop all of the key growth areas of the business. Our process helps you to identify both your leadership requirements for the future and the right people, either internal or external to the company, to fulfill those roles and responsibilities.
3. Talent Acquisition and Development Strategy
Many family-owned businesses realize that they may need to bring in outside talent to meet the strategic potential of the business. We focus on helping business leaders learn how to identify the necessary competencies and then develop a strategy for growing both internal talent and for acquiring new, outside talent to meet company needs.
4. Business Growth/Durability Plan
As part of the planning process, many owners realize that they need to build the value of the business to realize both their personal financial goals and the goals of the company. We can help you to identify the key value drivers in your business and to develop strategies to improve productivity and profitability.