Succession Planning

RLA executives have been in many multi-generational businesses and understand the unique issues that only a family business can face. We initially conduct a Business Review aimed at maximizing value for the owner. We then develop a transition strategy and time line that takes into consideration the following issues.

• Owner objectives
• Guarantee adequate income
• Provide for relatives and children
• Transition strategies
• Retain - Identify and train a successor
• Sell - Find an appropriate buyer
• Liquidate - Maximize asset value
• Process structure
• Learn the business
• Identify the keepers
• Establish a post-exit strategic plan
• Assign objectives and milestones
• Develop measurement/reward system
• Implementation
• Accomplish the transition within a predictable amount of time
• Anticipate, confront, and resolve potential conflicts with others
• Identify and resolve all key issues
• RLA will assist the company as needed in implementing the strategy.

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