2016 PWC Family Business Survey
Building the Bridge from Vision to Reality
Where to Begin?
We recommend addressing this problem through a series of manageable steps. It all begins with taking immediate action to start your plan; so that we can engineer your vision into reality.
Family Business Issues
70%
businesses fail to transition to second generation
88%
businesses fail to make it to a third generation
97%
fail to make it to a 4th generation
Phased Planning
01
Discovery Planning Phase
We will arrive in a zone knowing:
- what you want and need
- what you have
- gap analysis
- the health of your business
- what life after being a business owner may look like for you
02
Succession Planning Phase
We work together to find out who possible successors are that are available to transfer the business to. There are many potential successors including:
- co-owners
- family members
- key employees
- third-party buyers among others
This decision is a critical step in the planning process that should be not be taken lightly and is based on the goals of the business owner.
03
Exit Planning Phase
We will help create and execute the strategy that allows you to exit your business on your terms and on your timeline.