John guides families in business facing generational transitions.
He assists family business owners considering retiring with planning for the consequences and opportunities created when passing on their businesses. He works with sibling co-owners who have inherited a family business and are wondering how to deal fairly with the transition to the next generation.
Do you identify with any of the issues raised by the questions below?
Find out how John can
help your business
Are you a business owner thinking about retiring and handing over your business to one or more of your children?
If so:
Are you worried about having sufficient money for your retirement or about taking out too much money from your business and impeding the next generation? Do you think your family business might need outside investors?
Are you sure your children are willing and able to carry on the family business? How can you pass it on fairly and to the right family members? Do the next generation need more training or preparation? Could non-family managers be part of the answer?
Are you wondering what you might do in retirement? Do you want to keep some kind of role in the business?
How does your spouse and the rest of the family fit in to all this?
Alternatively, are you and your siblings running your inherited family business and wondering how to deal fairly with the transition to the next generation?
If so:
How do you balance everyone’s interests, skills, desires and financial needs appropriately?
How do you find a workable solution where some family want to sell and some want to carry on?
How do you share the profits and voting control of the business? Do those of you working in the business feel entitled to a greater share of the profits and want greater control over its direction? Do other family members want a greater voice in how the business is run and want more dividends?
Do you feel stuck and frustrated because your own plans for the future seem dependent on others?
For example:
Do you feel unable to plan retirement because the next generation cannot make up their minds about whether they want to commit to a career in the family business?
Do you need help with determining the optimal time for you to make the transition to the next generation?
