It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning

For owners of private and family businesses, the transition of the business to successors can be a joyful and inspiring journey that caps a lifetime of hard work and dedication and kicks off an exciting next adventure. Or it can be tumultuous and emotionally complex, and cause conflict and rifts in their most important relationships.

In It's A Journey, authors Elizabeth Ledoux and Laura Chiesman share their Transition Roadmap Developer Process(TM), a relationships-first and principle-based Process that dramatically improves the odds of a successful business transfer. In fact, 100 percent of the owners who have used this Process to choose and mentor capable successors and position their companies for success have gone on to live happy and meaningful lives.

It's A Journey includes multiple tools and worksheets for business owners to use as they think about and organize the many facets of their business succession journeys. Tools include transition timelines, a compass, strategy statement and unique tools to organize owner objectives and track successor development. The authors devote chapters to the six questions owners must answer to set a course for their transition journeys, the benefits of and challenges involved in more formal forms of business governance, and why, when and how to recruit professional advisors to increase the odds of transition success.

The authors also lay out step-by-step actions that owners can take to: 1) Set and meet their emotional and material goals, 2) Communicate compassionately and effectively even in difficult situations, 3) Resolve dilemmas to achieve the outcomes they desire, 4) Maintain and enhance their relationships with the people they value, 5) Mentor and teach successors, and then step away, 6) Assess possible succession strategies, 7) Calculate the financial resources they need and want to live the next chapter of their lives, and 8) Create wins for themselves, their successors, families and customers.

It's A Journey offers owners a completely new perspective on transferring their businesses to successors. It is a privilege to create transition plans for the ongoing success of their companies.

Author: Elizabeth Ledoux, Laura Chiesman
Publisher: Sky to Sea Publishing LLC
Published: 02/02/2021
Pages: 276
Binding Type: Paperback
Weight: 1.43lbs
Size: 10.00h x 7.00w x 0.75d
ISBN: 9781736362303

About the Author
Ledoux, Elizabeth: - Elizabeth Ledoux is the founder of The Transition Strategists, an international boutique consultancy offering transition and succession planning strategies to family and private businesses as well as individuals. She is also a thought leader and sought-after speaker, addressing the topics of business succession planning, navigating transitions for companies and leaders, strategic growth, and the business journey. With a career spanning over 30 years, Elizabeth has compassionately and effectively helped hundreds of business owners navigate the complex family dynamics that come with family business shifts. She believes that whatever you want to achieve in life and in business is possible when the relationships that surround and support you are whole and intact. One hundred percent of the family businesses that Elizabeth has helped are thriving, a track record that crushes the dismal statistics related to the transition of family businesses. Elizabeth is an entrepreneur at heart and has founded several businesses, including BizMultiplier LLC, SofTeach, and ROCG. In 2003 she was named as an owner of a Top 100 Women-Owned Business in Colorado. The Harvard Business School has recognized Elizabeth's work linking the growth and development of the entrepreneur to company success. As a fifth-generation Coloradoan, Elizabeth loves the outdoors. When not on the slopes, she is golfing, fly fishing, or enjoying nature. Elizabeth serves as a Denver Chair for TIGER 21, the premier peer membership organization for high-net-worth wealth creators and preservers She served as the Denver Chair and Calgary Chair of the Women Presidents' Organization. Learn more about Elizabeth's work in developing and implementing successful transition strategies at www.TransitionStrategists.com.

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