The process of transitioning the management, leadership, and ownership of a business is complex and represents one of the biggest challenges family owned and independent businesses face.
In SWG’s experience, the majority of business owners and entrepreneurs have no succession plan in place. This creates significant risk and vulnerability from unplanned events and significantly impacts the value of the business and the sustainability of profits.
All business owners and leaders should ask themselves the question “who will be stepping into my shoes?” and create an executable succession plan.
A key concern of business leaders is often judging the readiness of the next tier of management or generation of family owners to take over the business. However, failure to plan for succession can cause the business itself to fail, so this option is fraught with risk. Engaging the management team of a business or the next generation of a family business in transition planning provides clarity, alignment, collaboration and a shared vision for the future.
Succession planning drives continuity of leadership and ownership and is critical to effecting successful transitions of ownership via a Management Buyout, Private Equity transaction or a Trade Sale.
Ready to secure the future of your business? SWG can help you develop a tailored succession plan that ensures leadership continuity and protects your business from unforeseen risks.
Get in touch today to discuss how we can support your transition.
SWG Capital 