Succession Planning

For many business owners, succession is a once-in-a-lifetime event. It is full of emotional and relationship issues, not only for the owner, but for family, employees, customers, and suppliers. It is frequently the last and often most-remembered relationship activity they will have with the business. Despite its importance, succession is almost always started too late, under-planned, and poorly executed.

DVIRC’s approach to Succession Planning begins with understanding and articulating the owner’s expectations. Plans for the future must be addressed, including the owner’s vision for the future, the role he or she will play, if any, in the future of the business, expectations of a revenue stream from the business, and the timeline for the exit.

Succession Planning Benefits

Having an outside advisor guide you through this process will give you the peace of mind to know that you’re doing the best thing for the business…and for yourself. We’ll serve as your counsel and advocate through the entire process to make sure you realize your goals. Typical benefits of Succession Planning include:Interdum et malesuada fames ac ante ipsum primis in faucibus.

• Protects and positions your company for the future
• Ensures and positions the next generation of leadership
• Helps the current owner optimize his/her transition objectives