Entrepreneurs have a different relationship to their business than contracted managers. Their business is their life´s output. For this reason the long-term survival of their business is paramount to them. Regardless of the age of the owner there needs to be a clear succession planning strategy.
In an ideal world succession planning happens when the company is founded. In most cases this happens 5-10 years prior to a set exit date. Successors could be the owner´s children, strategic buyers, management or staff, or a combination of all these stakeholders.
St. Gallen Consulting enablers
The challenges of succession planning can be overcome by drawing on the knowledge, experience and expertise of the management board members of St. Gallen Consulting. It is they who will personally coach you.