Second generation owners of small and medium sized businesses often face heavy seas. They find themselves in a unique situation which requires a unique specialist advice.
Seldom prepared, arriving at the helm of a ship managed by the generation of the founder of the company, they face – on top of their new executive duties - three major difficulties:
- Loss of the founder of the business
- Self doubt
- Fear of failure
These emotions are almost impossible to share with anyone connected to the business.
Existing Management, Bankers, Lawyers and family members represent a force which does not necessarily represent the new owner’s interest or the one of his/her company. Yet, they all await direction and leadership. Used to be guided by a strong leader, they do not accept new directions easily. Time is often wasted.
This time consuming situation results, in 80% of the cases, in difficulties, the sale or the collapse of the business.
“Time is everything; five minutes make the difference between victory and defeat.” Admiral Nelson.
25 years of specialist know-how and experience have led Successors to help second generation business owners to overcome this predicament. Discreetly and efficiently.
For a private and confidential assessment, please contact us.