It is no secret that our nation is graying and the need to plan for the succession of the approximately 76 million Baby Boomers cannot be delayed. However, as we’ve worked with firms across the country, we’ve discovered that the issue of succession planning is one that most put off, deny, or ignore.
Failing to prepare and communicate will leave your organization vulnerable, but we can help. At ConvergenceCoaching, we develop and execute a variety of succession planning tactics including:
- Rising star identification and development
- Successor selection, including your next CEO, Managing Partner, or key practice leaders
- Transition planning to help those retiring, including a majority owner and/or founder, hand off clients, referral sources, key staff relationships, and administration over time
- Emergency transition when someone exits unexpectedly
- Communications strategies and action plans to help all stakeholders make the transition successfully
Managing transitions is challenging, and it is important to address the needs of the up-and-comers while honoring retirees. This work involves much more than mechanical business processes and buy/sell strategies. It also involves balancing the diverse personalities, interests, and goals of those involved in the succession planning process so that their needs, and the needs of the organization, can be met. At ConvergenceCoaching, we are experienced in the customary and behavioral elements of succession you need to ensure a transformative outcome.
To ensure your firm’s continued success, take the time to proactively plan for its future.
For more information about our succession planning consulting and implementation services, contact Jennifer Wilson by email or (402) 933-2900.