Succession Planning in Family Businesses | Business Coaching

The takeover of a business by family members of the next generation frequently presents its owner with complex challenges. Besides determining the right moment in time, the essential task consists in choosing the most appropriate successor. Personal relations or emotional ties with particular family members must not superpose the decision who from a purely professional point of view has the best prerequisites to take over responsibility in the following generation. The selection of the most suitable candidate as well as the drafting of alternative prospects for other members of the family who (maybe against their personal wish) should not be entrusted with the responsibility for the business can be of crucial significance for its future success. REUSCH IBC assists the entire process, with the degree of intenseness required by the client, covering both the choice of an appropriate successor as well as the elaboration of alternatives to integrate further family members, and supports the ongoing dialogue with each of the parties concerned.