Succession Planning with an Executive Coach

Every business needs a customized succession plan to help them prepare to place their company for sale or for the owner’s desire to step back. There’s a lot on the line in this situation and the process demands a lot of senior leaders.

A lack of a sufficient succession planning can:

• Prevent a sale on your original timeline
• Create stress inside the company
• Create concerns for potential buyers
• Keep burnt-out founders overly involved because the organization isn’t ready to function without them

Engaging an executive coach to help your organization prepare for a sale can:

• Sustain the Owner’s energy and sanity during this process
• Fill in your knowledge deficits & offer fresh insights
• Expedite the development of senior leaders with you so they’ll be ready to step
  up
• Resolve internal conflicts among senior leaders

While preparing the organization, Founders often need to create a bridge plan for themselves. They’re forced to find a gradual way of detaching from the responsibilities, personal identity and relationships they have inside the org.

Engaging and executive coach to work with the owner individually will:

• Gift the owner with clarity regarding finding a new purpose and identify
• Show them how to leave their insecurities and any workaholic tendencies behind
• Create clarity on how to maximize fulfillment after the sale

Sabbaticals are a proven way to stress-test the company and the owner. It will often:

• Benefit both the owner and the organization
• Illuminate gaps and deficiencies as well as proficiencies among senior leaders
• Assist owners in creating life outside of the company