Segal Consulting

Creating Family Harmony & Business Success

  • Home
  • Our Services
  • Our Process
  • About Rick
  • Testimonials
  • Blog
  • Contact Rick
You are here: Home / Succession Planning
post

Succession Planning

Succession Planning

As the chart below suggests, succession planning is complex. It isn’t an event, but a process that takes years in the making. A number of very specific challenges need to be addressed and resolved for the process to be successful. One of those challenges might be defining success itself. For sure an inclusive collaborative process has a better chance for success – structuring that process often requires the involvement of outside professionals familiar with the steps along the way.

Succession Planning Chart

Succession Planning (click for larger image)


Here are some articles I’ve published related to succession planning. You may find them helpful in thinking about your own situation.

When does succession begin for the family business?

Posted: 02/20/2014

Finding the point where the family decides that the business is not for sale is the point when things begin to change. Family business expert Richard Segal shares how families and businesses can grow with success.

0 comments

Writing the Final Act

Posted: 06/06/2013

What is the final act for you and the family business under your watch? Understand that succession is not an event, but a process. It is most successful when the entire cast of characters works and plans together.

0 comments

Contact Rick for a no-obligation first consultation meeting. Contact us

Services Overview

 

Latest Posts

  • Transitional Timing for a Generational Change in Ownership Can Be Key
    This article originally published in Corp! Magazine, 3/29/2018 T.S. Eliot was a famed twent...
  • Before Crisis Strikes in a Family Business, Take Steps to Avoid a Disaster
    This article originally published in Corp! Magazine, 2/22/2018 It was a crisis! The holidays were...
  • Sibships – How does the sibling relationship affect a family business?
    There is no relationship in life longer than that of siblings.  And, like today’s families, s...
  • The Myths and Realities of Family Businesses are Worth Noting (and Celebrating)
    Let’s start by defining a family business. The classic definition is a business where a si...
  • Never too late to re-ratchet good family business practices
    During a prospective client meeting with a family business beginning to transition to third ...

More posts

  • Proper planning is more than asset allocation
  • Choose and Use Your Advisors Wisely
  • Michigan’s Economic Bright Spots Conference
  • ‘Business is Business’ and Family Dynamics
  • How You Address Conflict is Key to Resolution
  • It’s Not the Money – It’s How Much!
  • It is Personal – Very Personal
  • To Keep or Sell the Family Business?
  • How to Measure Your Family Business

Rick is Highly Qualified, Experienced

As principal of Segal Consulting, Rick is a widely recognized leader and publisher in the area of Family Business. He holds an Advanced Certificate in Family Business Advising with a Fellows status from the Family Firm Institute. He is the founder of the Family Business Council and its affiliated Study Group.
More about Rick   Testimonials

Family Firm Institute - Fellow seal FFI-GEN-advanced-seal vistage-member-logo Mentor Connection

Contact Rick:

Richard M. Segal
Segal Consulting Inc.
248-420-4775

rmsegal@segalconsulting.biz

Quick contact


Log in

Copyright © 2018, Segal Consulting Inc.
Web Design: Added Value Web Services, LLC