The Succession Solution

What a fantastic event this was last week, held by ALI CLE. Gene Wolf joined Bradley J. Franc for an insightful discussion on 'Navigating Family Transitions: Preparing the Next Generation'. Brad shared his thoughts on the experience: ¨I'm thrilled to have shared my insights and unique process on succession planning at the 2024 ALI-CLE 'Estate Planning for the Family Business Owners' conference last week! It’s always an honor to be asked by such a respected organization to discuss strategies crucial for maintaining the legacy of family businesses.¨ Brad Franc, Founder, The Succession Solution #EstatePlanning #FamilyBusiness #SuccessionPlanning #ALICLE2024

One of the latest reports on succession planning, particularly in the construction and engineering industries, highlights a growing challenge: many business owners lack formal plans for ownership transfer and management succession. In a 2024 study, nearly half of owners aiming to exit within three to five years still don't have a clear transition strategy. This highlights the need for businesses to proactively prepare for leadership changes to avoid risks and safeguard their legacy. If you would like to ask our experts, please contact info@thesuccessionsolution.com #successionplanning #transitionplanning #construction #businessowners

We're keen to hear; what steps has your business taken to integrate the next generation into board leadership? In family-owned businesses, developing NextGen directors is vital for long-term success. A strong succession plan should prioritize preparing family shareholders for board roles to preserve the company's culture and values. Key steps include committing to NextGen involvement, allowing independent directors to lead the process, and ensuring candidates are coachable and willing to invest time in governance. Early mentorship and exposure to board dynamics can make a significant difference in their effectiveness. If you would like to reach out and discuss, please contact info@thesuccessionsolution.com #SuccessionPlanning #Leadership #FamilyBusiness

As 2024 is set to see a record number of CEO departures, businesses are grappling with the challenges of leadership transitions. With over 1,100 CEOs stepping down in 2023 alone, strategic succession planning has never been more critical to maintaining stability and ensuring future growth. This trend highlights the need for businesses to proactively develop future leaders, years in advance, to avoid disruption and secure long-term success. At The Succession Solution, our founder, Bradley J. Franc, has spent years refining a proven process designed to guide companies through these critical transitions. His approach not only helps businesses navigate leadership changes but also ensures that they thrive across generations, safeguarding their legacy and positioning them for continued growth. For more on the importance of strategic succession planning during this CEO exodus, read the full article below. If you wold like to contact us to discuss your business succession plans, please contact info@thesuccessionsolution.com #leadership #leadershiptransition #successionplanning

It is only 10 days before the ALI CLE event of the season kicks off. At 10:00 a.m. on October 24th, Gene Wolf and Bradley J. Franc discuss 'Navigating Family Transitions: Preparing the Next Generation'. Should you wish to sign up for this invaluable event, please click here: https://lnkd.in/d8KW_5fx Those who can't attend might like to check back in a month or two to get the on-demand/ CLE/CPE version... or at the very least, you might consider reading Brad's book, available here: https://lnkd.in/d4pEYCT7 #successionplanning #businessowner #transitionplanning #legacyplanning

Thank you, Clive, for your glowing testimonial for 'The Succession Solution Certification Course': ''I have to say the The Succession Solution course program has been truly terrific. It aligns perfectly with my approach to business management, offering inspiration and motivation throughout. Bradley J. Franc does an amazing job of keeping the content interesting, relevant, and entertaining, making it easy to stay engaged. I’m delighted to achieve the certification! The program is consistent with great business practices and applicable to many scenarios. Thank you for the opportunity to learn and sharpen my skills!" Clive, ExecHQ® - Bringing Expertise to the Table Would you like to learn more about this program? Visit: https://lnkd.in/d42wZ5-h #Testimonial #TheSuccessionSolution #BusinessManagement #ProfessionalDevelopment #CertificationJourney #SkillsUpgrade

Our Founder, Bradley J. Franc, was invited to speak as a part of the Fall Conference for Attorneys for Family-Held Enterprises (afhe) last week. Peter Dougherty, Board member and Conference Co-Chair of the 2024 Attorneys for Family-Held Enterprises (AFHE) Fall Conference, reviewed Brad's presentation with these kind words.   ¨Brad Franc produced one of the best presentations in AFHE conference history. His “THE SUCCESSION SOLUTION” program is the Roadmap to Success for business owners and the compass for business advisors. He captivated our attention with his insightful, interesting, and colorful strategies and practices in helping business owners and their families navigate to achieving success and executing the best outcome in the succession process. His presentation was a master class in understanding the dynamics of the family enterprise!¨ Thank you ever so much Peter. #AFHE #SuccessionSolution #BradleyJFranc #SuccessionPlanning

'So Bradley J. Franc, why do many businesses fail to pass to the next generation?' Steve Gorin Steve and Brad discuss the up coming ALI CLE 'Estate Planning for the Family Business Owner 2024' this month, during which Brad will be imparting valuable knowledge during a crucial discussion on succession planning. If you wish to attend, please follow this link: https://lnkd.in/d8KW_5fx #successionplanning #alicle #familybusiness #businessowner

The importance of succession planning more now than ever? We couldn't agree more Kara Dennison, SPHR, CPRW, EC, for Forbes. If you would like to reach out and discuss your succession planning with us, please contact info@thesuccessionsolution.com #successionplanning #leadership #leadershiptransition

This Friday, at the Attorneys for Family-Held Enterprises (afhe) Fall Conference Bradley J. Franc and Clifford Rowe (former CEO and current Executive Chairman of PJ Dick) will present how Cliff successfully transitioned the family business from the second to the third generation: "The PJ Dick Story: Finding their Process in Succession" Cliff Rowe took the helm from the founding generation and transformed Pj Dick and companies into an example of success and innovation. Under his leadership, the company not only expanded its reach but also fortified its reputation for excellence and reliability in the construction industry. The transition from one generation to the next is often fraught with challenges. However, Cliff facilitated a successful succession, with the use of The Succession Solution, a unique process developed by Brad Franc. This process is a structured framework that ensures the continuity of effective leadership while preserving the core values and vision of the company. This case study will serve as an inspiration and a practical guide for other leaders and companies looking to implement successful succession planning. Should you wish to attend, please get in touch with the AFHE. #successionplanning #PJDick #nextgeneration #transitionplanning