Communication Specialist for Business Families
Family Business Succession
The nature of planning itself can be overwhelming and therefore is often avoided or done poorly. This speaks to why there is a ring of truth in the statement “most people plan their holiday with more care than they plan their lives”.
The idea of succession planning is even more daunting due to complexity, resistance to change and potential for relational conflict. In June 2012, Alberta Business Family Institute published these statistics on Alberta Business families: 10% have a formal plan, 38% have an informal plan and 52% have no plan at all. Statistics also show it’s not the transactional structures that derail a succession plan, it is the soft or transformational issues - the human dimension of family, business and ownership.
How does one take on the challenge of succession planning? It takes a commitment to complete the process, a skilled trusted advisor and one conversation at a time.
“Trudy provided us the communication tools to address family dynamics and issues that were preventing our family from moving forward with succession planning. She facilitated the difficult conversations enabling us to build trust and strengthen our relationships and be in action to forward the continuity plan.”2nd Generation Business Family, Edmonton, AB
© Simply More Inc. 2014 Simply More offers executive coaching, business coaching, PowerPoint presentations development, team facilitation and workshop facilitation in Calgary, Alberta.
Succession Planning Calgary