{"id":1398,"date":"2020-08-26T18:55:54","date_gmt":"2020-08-26T18:55:54","guid":{"rendered":"https:\/\/franklegan.com\/?page_id=1398"},"modified":"2023-08-30T13:06:20","modified_gmt":"2023-08-30T13:06:20","slug":"business-succession-planning","status":"publish","type":"page","link":"https:\/\/franklegan.com\/our-services\/business-succession-planning\/","title":{"rendered":"Business &#038; Succession Planning"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1398\" class=\"elementor elementor-1398\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-12cbcae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"12cbcae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-02fc195\" data-id=\"02fc195\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-223fa46 elementor-widget elementor-widget-text-editor\" data-id=\"223fa46\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Development of Strategic and Succession Plans are essential to preparing a company for future growth and transition. A great Strategic Plan creates clarity and consensus, sets direction and establishes priorities. It defines your organization\u2019s view of success and prioritizes the activities that will make this view your reality. The plan helps management teams focus on specific strategic objectives that can drive growth.<\/p><p>Development of three to five strategic objectives with ownership and management is the foundation of the plan and guarantees coordination throughout the company. Assessment of the Strengths, Weaknesses, Opportunities, and Threats within the company and with competitors ensures a 360-degree view within the marketplace. Your Strategic Plan is then utilized as a vehicle to assist ownership in determining a course of action for legacy transfer of the business or exit.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f5be023\" data-id=\"f5be023\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90f1e55 elementor-widget elementor-widget-heading\" data-id=\"90f1e55\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">With our hands-on approach and experience with family owned companies we can assist ownership in creating a bridge to the future for their company and their family legacy.<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b01407 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b01407\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc2a55a\" data-id=\"fc2a55a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-45eb2aa elementor-widget elementor-widget-text-editor\" data-id=\"45eb2aa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Our Approach with Succession Planning\u2026<\/h4><ul><li>One of the major purposes of a family succession plan is to aid in maintaining peace within a family during the transfer of leadership and the possible sale of the entire business. For many families and closely held businesses, succession in a family business has been recognized as one of the most complex, frustrating, and demanding business management challenges to be faced.<ul><li>Step 1: Identify key leadership positions<\/li><li>Step 2: Identify competency and skills<\/li><li>Step 3: Assess current bench strength<\/li><li>Step 4: Design and implement career development strategies<\/li><\/ul><\/li><\/ul><p>With our hands-on approach and experience with family owned companies we can assist ownership in creating a bridge to the future for their company and their family legacy.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7be7d27 elementor-section-stretched elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7be7d27\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-696cef0\" data-id=\"696cef0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-286dc67 elementor-widget elementor-widget-heading\" data-id=\"286dc67\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contact us to get started today<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-58f3aa3\" data-id=\"58f3aa3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f5acf70 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f5acf70\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"mailto:lcharnas@cedarbrookfinancial.com?subject=franklegan.com%20Website:%20Schedule%20a%20Call%20Request\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Schedule a Call<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-0bb87f4 elementor-hidden-tablet elementor-hidden-phone\" data-id=\"0bb87f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Development of Strategic and Succession Plans are essential to preparing a company for future growth and transition. A great Strategic Plan creates clarity and consensus, sets direction and establishes priorities. It defines your organization\u2019s view of success and prioritizes the activities that will make this view your reality. The plan helps management teams focus on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1970,"parent":1391,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/pages\/1398"}],"collection":[{"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/comments?post=1398"}],"version-history":[{"count":1,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/pages\/1398\/revisions"}],"predecessor-version":[{"id":2930,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/pages\/1398\/revisions\/2930"}],"up":[{"embeddable":true,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/pages\/1391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/media\/1970"}],"wp:attachment":[{"href":"https:\/\/franklegan.com\/wp-json\/wp\/v2\/media?parent=1398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}