Succession Simplified: A Primer on Transition Planning for Your Family Business

With memorable anecdotes and simple-but-effective exercises, this business management book forms a step-by-step guide to succession planning so your family business can thrive for generations.Ninety percent of US businesses are family owned or controlled, yet few have a succession plan for the business, possibly leading to costly unplanned transitions that are disastrous for the family and the business.Whether you're a new entrepreneur or a seasoned leader of a mature business, it is never too early to start succession planning.With a unique approach to family business stewardship, this business mindset book teaches business owners how to plan for succession by viewing their business as a purpose-driven enterprise that future generations will want to be part of.Dan Hiebert, PhD, CFP® is a nationally recognized leader in family business succession planning. With over twenty-five years' experience as a financial planning practitioner, researcher and educator, Hiebert simplifies succession planning to move you from procrastination to action.Inside this book, discover step-by-step exercises and real-world anecdotes to help you: Assess where your family business is today, where you want it to be, and how to get it there, Define your core values as a business mission statement that future leadership will champion, and Foster "shared experience" work environments to encourage employee retention leading to effective succession transitions. Readers of Finish Big: How Great Entrepreneurs Exit Their Companies on Top and Who Comes Next: Leadership Succession Planning Made Easy will appreciate the straightforward, actionable, and personalized guidance found in Succession Simplified.Don't let the legacy of your business be questioned. Start your succession planning today.