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March 2014 - Helping Companies With Succession Leadership
March 2014 - Helping Companies With Succession Leadership
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By the Numbers
An estimated 70% of the 12 million privately held companies will be sold over the next decade. - Bowman A staggering 75% of smallbusiness owners have no formal succession plan. Entrepreneur.com Family businesses account for 50% of the gross domestic product - Forbes Family companies are responsible for 60% of the jobs in America and nearly 80% of new jobs created. Forbes Leadership can account for up to 44% of a rms protability. - Family Business Institute Only 30% of family businesses will pass to the 2nd generation and only 15 percent to the 3rd. - Kent State University 92% of advisers recognize that it is highly or moderately risky to not have a succession plan in place.
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open market. Because of the expected glut of companies available, we foresee a buyers market and businesses unprepared for the transition could be a#ected with their valuations. That is why we are taking the stand to help these leaders get the most out of the business they nurtured for so many years."
As Baby Boomers and Generation Xers approach retirement, they are looking to gain the most from an investment that might have started forty years earlier. For some, this will mean handing the reigns to a family member. Yet for most it will be the sale of their baby." These leaders possess a lot of knowledge. After all, they were the ones who started the company, developed its systems, and grew it to the size it is today. They can be the top sales person and the go$to when a problem needs solving. Now they wish to sell and few have prepared their leadership team for life without them. This places the company at risk because without the primary decision maker at the helm, the remaining leaders arent prepared to carry on the vision and growth of the business. How will this a#ect business valuation? If you had to choose between companies in a purchase, what e#ect would leadership have on the sale?" InVision is there to help protect one of the owners most valuable assets: their business. We will work with senior management to extract the knowledge and experience needed for continued success. During the process we will work with management to align strengths, determine needed talents, and prepare the business for the demands of the transition. Do you know a leader contemplating succession? If so, put them in touch with InVision. Have them contact Kathy at 800!795!9611, extension 806, to schedule a complementary needs analysis today!
InVision is working on new ways to make individual performance more transparent in larger organizations. effort to help leaders maximize people to their fullest potential, InVision is creating new tools to more effectively gain the most from each individual, not just your best people. times change, so do the tools. In 2014, InVision will roll out a new learning management system for improved development. spring, InVision will roll out its rst self-guided development tool targeted for middle managers.
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Contact InVision today to learn more about how we are changing the way people perform.
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