Succeeding At Succession
For West Michigan Family Businesses to Succeed for Generations
The process of transitioning your family business to the next generation can feel complicated and overwhelming. You can Succeed at Succession by identifying the related issues and activities while developing and implementing a plan for success. This series has been built on experience, best practices, and practical steps, and will guide you in developing a clear path forward toward a successful succession plan.
This program is offered bi-annually. The next session will begin in 2024.
Please email email@example.com if you are interested in attending the next session.
Succeeding in Succession is a collaboration between the Family Business Alliance and the Family Business Consulting Group and is offered to Family Business Alliance Members. The program has been designed to offer participants:
- Deep engagement and discussion with other business owning families, listening sharing experiences that resonate, establishing trusted relationships and providing a support and accountability forum.
- Experienced facilitation to create a sharing environment and to help participants shape and carry through with their own succession plans.
- Small group discussion, planning and problem-solving.
- Pre – and post-session work and resources to support both learning and practical outcomes.
Areas of Focus Include:
- Understanding the roles of owner, board member, and leader and how they relate to each other.
- Creating or updating family vision, values, and expectations for business enterprise performance including growth, risk, profit, and liquidity.
- The value of a Buy/Sell agreement in valuing, gifting, and transacting.
- Effective family and business governance structures and processes.
- Helping the next generation of all ages learn about business in general as well as the family business specifically, discover their interests and prepare for a successful career.
- The challenges of the now generation letting go and the next generation grabbing on and how those challenges can be successfully met.
- Identifying and developing future leadership including family and non-family member.
- The role of owners who are not otherwise involved in the family enterprise.
- Ownership succession and estate planning considerations.
- Confidential small group setting.
- Experiential and interactive member to member learning environment.
- Work with subject matter experts, peers, and family members to untangle key elements of succession planning.
- Understand key transitions in the succession journey by connecting with families at different stages.
- Facilitated by subject matter experts with extensive experience working with family enterprises throughout the United States.
This is a four session series. Family members are encouraged to attend together but it is not required.
Rob is a senior consultant for The Family Business Consulting Group, helping enterprising families with business ownership and leadership succession, creating and improving family business fiduciary and advisory boards, planning and facilitating family and family council meetings, and guiding strategic planning processes.
Prior to joining FBCG, Rob spent 33 years in multi-generational family business leadership. Initially in brand management at SC Johnson Wax for several years, he went on to become Chairman and CEO and of Sligh Furniture and Clocks, a 4th generation manufacturing and marketing company with a majority-outside board of directors.
He served on more than 20 family business fiduciary or advisory boards and non-profit boards. On many of those, he served as Chairman of the Board and / or Chairman of the Compensation, Finance or Nominating Committee.
Tom Emigh is a consultant with The Family Business Consulting Group, motivated by Mission, Values, and Leadership. Tom believes that excellent organizations, full of empowered leaders, can have a positive impact in our society to help all people grow and learn. Tom’s ability to quickly establish rapport and trust with all members of the business-owning family makes him a thoughtful mentor, coach, and facilitator as he encourages others to understand and reach their full potential.
Tom has extensive experience in working with family businesses, growing and developing multiple generations, guiding succession implementation, developing curricula, and teaching in a variety of contexts. He brings real-world leadership experience, systems thinking, and operational expertise to coaching and consulting relationships in large and small organizations.
For additional information, contact Family Business Alliance.