13-Week Course: Putting Together Your Succession Plan
In 13 Weeks We Will Help You Flesh it Out
In a mastermind group setting, you will address each of the seven components of a comprehensive succession plan. From understanding your financial readiness to preparation for life after your exit, this mastermind group provides you the guidance and accountability needed to successfully draft a plan that covers all the bases.
SESSIONS INCLUDE
- Preparation of the successor for leadership
- The importance of continuity and seamlessness
- Transfer of key external relationships
- Minimizing dependence on key customers, vendors, employees
- Getting serious about the decisions in your will
- Stock vs. Voting Stock
- Dealing with family conflict issues
- Aligning your estate plan with the succession plan
- Should I really just be selling this business instead?
Cost: $3900
Limited to 10 companies per group
Dates:
Starting Wednesday, September 16 – December 16 (we will not hold a session Thanksgiving week)
Only 1 employee required. Up to 10 people per company. 10 people per 13-week course.
Historically, the odds are against you in terms of successfully pushing your business into the next phase. 75% of owners who sell their companies are extremely dissatisfied with the outcome after one year. We address these seven areas throughout the course to make sure you’re prepared to move beyond your business.
- Advisory team and deliverables
- Company Readiness
- Family Readiness
- Financial Readiness
- Life After Exit
- Ownership Strategy
- Successor Readiness
THE BENEFITS
Knowledge
You will receive a valuation of your company
Accountability
to set goals and follow through on your action items
Community
with other business owners who have similar challenges
Challenge and support
to have hard conversations that need to happen
Dedicated time and space
to work on your business and not just in it
Cost: $3900
Limited to 10 companies per group
Dates:
Starting Wednesday, September 16 – December 16 (we will not hold a session Thanksgiving week)
Only 1 employee required. Up to 10 people per company. 10 people per 13-week course.
Are You Prepared to Exit?
As an owner, succession or sale of your business is daunting at least. From introducing new leadership to completely handing off ownership–it’s one of the most important decisions of your life. It’s your biggest investment, and there are lots of potential landmines. At Operations Laboratory, you will work with our execution consultants and a group of like-minded business owners to prepare a plan that actually works.
OUR APPROACH
Peer-to-Peer Support
Members participate in facilitated lab sessions with like-minded peers that support them while also holding them accountable for their actions.
Structure
Lab sessions and one-on-ones are routinely held to ensure progress is tracked and consistency is upheld.
Action Oriented
This is more than just talking. Members are constantly developing and following through on ideas with real-world actions with the assistance of their execution consultant.
Data Driven
All actions and recommendations are based on Value Builder’s extensive business research and metrics.
WITHOUT PROPER SUCCESSION PLANNING, COMMON PROBLEMS INCLUDE:
- The successor taking control of your business is not ready
- Employees and stakeholders become frustrated because the transition lacks continuity
- The form of the sale/transfer of shares did not go how you wanted
