5 Critical Steps to Pick Your Successor and the Potholes to Avoid

The success of the business to serve future generations starts with the decisions you make today. We advise owners against getting locked into only one path without considering all the transition options and how they will impact their succession plan. Getting this right is a critical part of post-transition satisfaction. Think about what is going to be best for you, your family, your employees, and your community.

This webinar can significantly shift your level of understanding on how to effectively plan for succession in your family business, where the tricky dynamics of love, power, and money can trip up even the best. The business’s ability to serve future generations and continue to build family wealth starts with the decisions you make today.

Webinar Highlights

In this webinar you will learn about:

• Leadership Succession
• Ownership Transition
• The family Conversation
• The role of Governance – board, family council, family constitution

Who Should Attend

Owners of Family Businesses and Privately-Held Companies with revenue between $5M and $150M+, who have a
10-year (or less) runway to exit the business and have not fully developed a transition plan or completed a business value assessment.

Presenters

Lizette Dubacher, Family Business Consultant | Compass Point Consulting

Lizette Dubacher is a Family Business Consultant at Compass Point Consulting. She has 20+ years of corporate experience, in which she held leadership positions at Fortune 500 companies in the Information Technology and Financial Services industries as Business Unit Leader, Corporate Strategy Manager and Head of Strategic Planning. This experience allows her to support senior leadership in setting a clear strategic vision and driving successful implementation through simplifying key issues and building consensus across diverse cross-functional teams.

Cheryl Doll, Family Business Consultant | Compass Point Consulting

Cheryl Doll is a Family Business Consultant at Compass Point and works closely with owners and their leadership teams to build a strong foundation for continued success around the concepts of strategy, execution, leadership, talent, systems, profit, and core customer.

About Compass Point

Compass Point is a boutique family business consulting firm specializing in generational family-owned companies. Why? Because family businesses are the heart and soul of not only our economy, but our local communities as well. We provide hands-on consulting, counsel, and coaching to help businesses close performance gaps; give owners and their leadership teams practical, actionable tools that drive growth and business value; develop leaders and position the business for successful ownership transition; establish governance structures for how the business and family interact; and help build connected families.

Questions? Contact Nicole Pierce at (484) 655-4873 or nicole.pierce@mrcpa.org