John Dewey Business Succession Planning: Helping Smooth Business Takeover

John Dewey Business Succession Planning: Helping Smooth Business Takeover

While it cannot be denied that the economy is ruled by the family businesses and closely held companies, there are a number of problems that a family business faces due to which the statistics shows, that 90% of the economy is ruled by family businesses and closely held business, while only 30% of it goes to second generation and only 12% or less manages to run through third generation or later. This statistic is too disappointing as supposedly, the family business has more resources in terms of strength and trust than publicly held companies and if strong policies are employed, the family businesses can reach the heights of success more rapidly than any other formats of businesses. However, one basic factor that can wreak havoc on the family businesses is emotions. Emotional challenges that the family business faces is the single biggest reason why most of these businesses start to fumble after several years of successful operations and either end up selling off the business, complete closure or split in the business. However, no matter how big these issues might seem at the outset, but these problems are rather very much resolvable and there are family business planning and diagnosis, which if implemented appropriately, the business as well as the family can come out with a lot more strength and unity. John Dewey Business Succession planning consultants help these small to large family businesses and closely held businesses to plan their business in accordance with the contemporary times and structure their business in such a way that it is able to withstand any kinds of challenges, from the family front as well as from the external front.

Succession planning is one of the key areas in which the family business faces a lot of trouble as there is a generation gap between the owners and the potential successors. This generation gap creates a divide because the ideology of running a business is also different. Similarly, when there are many probable successors, it is hard to formulate a succession plan in which everyone is fairly treated and if not planned well, this can cause emotional crisis and intensified conflicts within the family, which if not taken care of in the early stages can cause huge problems for the family business in the near future. John Dewey Business Succession Planning consultants help the family business to devise a very strategic succession plan, keeping in the loop all the family members involved in the family business. This strategic succession plan is not only meant to help the family business but also the family to stay together and thus, when everyone is happy with the outcome, the business is sure to expand and conflict resolution also becomes easy. John Dewey provides tools and suggestions which help in promoting communication within the family, creates a future vision for the business and helps the family members to stay motivated towards the business, so that the focus is more on its growth and expansion, rather than in personal problems. John Dewey helps the family businesses to keep the personal problems aside and focus on the business and thus, this quality helps in working together for the same goal and when that happens, the family problems die off slowly but surely and the business gets that much needed boost.

John Dewey Business Succession Planning consultant also helps in leadership development as it is a part of the succession planning. The one who successes the business must be able to take on the role of a leader of the business and must be able to manage the business and the family with a clear vision and strong principles. Leadership development helps the owner of the business to understand the various roles that he will have to take on as an owner and understanding these responsibilities will help him to perform better. It is the leadership qualities of the owner which decides how far the business will go and how will it be able to tackle various businesses as well as family problems. Keeping the family aligned with the business and not letting any kinds of emotional challenges to erupt and roughen the business machinery is also one of the key roles of the owner of the family businesses. For this, strong policies are to be made which helps the business be as transparent as possible and also promotes communication at all levels and very frequently too. When there is regular communication and every aspect of the business is very clear and transparent, there is no way, any of the family members can feel left out or have wrong feelings about the business.

John Dewey Business Succession Planning Consultant takes time in understanding the family and the business and makes sure that every attribute of the family and the business structure is repaired suitably with a long lasting solution. There are many ways a family business can feel the tremors of fall but if the emotional differences between the family members are sorted out and the foundation of the business is strengthened with strong business policies and implementation of strategic planning, not much of a problem can surface. John Dewey’s primary focus is to strengthen the base of both the business and the family, so that minor problems can resolve itself due to the implementation of strong policies and that is what he does through his unique custom tailored solutions and programs.

 John Dewey Business Succession Planning: Helping Smooth Business Takeover

 

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