Securing the continued legacy of businesses by planning for the future
The continuing legacy of a successful business is every founders dream over the lifespan of their company. As founders prepare to either pass the baton or sell their business onto the next generation, a great deal of advanced planning is needed to ensure a smooth financial, organizational and operational transition is accomplished.
These transitions have statistically shown increased failure rates under second generation ownership, particularly as the result of poor planning, increased tensions within the organization, and strained relationships with lenders, vendors and customers, ultimately putting the company’s survival at risk. Though these are very real risks, they can be avoided.
The Succession Planning Professionals of American management Services understand the delicacy of this major turning point in the life of a company. With an emphasis on open communication, a proper transition of key management, preparedness planning for future and unexpected events, and the proper staffing and training of personnel to ensure peak efficiency, our team guides the transition of power within your company.