This book features a format that includes more than 50 sets of questions, checklists and worksheets to support your efforts to plan and execute your succession of the business and the family from generation to generation.
The first half of the book focuses upon critical questions and information you and your family need as you live life as a business owning family. Series of questions will guide you through planning successful family meetings to discuss and agree on serious decision-making processes. Other questions will focus on attitude and career development, choosing the next leader, how seniors let go as an asset, serious questions for adult children, timing of the succession process and establishing accountability. Yet other areas address selling your company outside the family to a key employee or a group.
The second half of the book focuses upon gathering critical information into one place in the event the key senior generation leader dies prematurely. This information looks at who to call in case of an emergency, names of advisors, insurance policies, location of financial statements, sources of income, expenses, estimated estate taxes, what the value of the business is determined to be and much more.