According to the U.S. Small Business Administration, just 30% of family businesses survive the transition from first- to second generation.
By the fourth generation, that number falls to just 3%. The key cause of failure? A lack of succession planning.
As a business owner, you’ve worked for years—maybe even decades—to cultivate success. When it’s time for a significant management transition, DVIRC is ready to institute a business succession planning effort that will maximize the value of the firm and preserve your legacy. Together, we will avoid the obstacles that can turn succession into a source of organizational turmoil, performance decline, or family upheaval.
Business succession in all of its forms represents a major milestone in the life of any enterprise.
DVIRC’s proven process safeguards long-term growth potential while guiding you and your team through the challenges that accompany any business succession planning effort. Our succession planning facilitator and process have seen 20 years in the service of small business owners. You can count on DVIRC to provide focused, growth-based project leadership and counsel throughout the succession planning lifecycle.
Succession planning sometimes goes beyond a complete transfer of ownership or leadership responsibilities. By helping support staff learn to grow the business with less dependence on the owner, DVIRC’s succession planning model can help business owners stay engaged in a less time-intensive way while still maintaining the overall health and growth potential of their business. By involving DVIRC in the succession planning process, you avoid sacrificing business value to important personal commitments.