Succession Planning

CHART A PATH TO A SUCCESSFUL AND SUSTAINABLE BUSINESS FOR GENERATIONS TO COME.

Agribusinesses, and many family-owned businesses, can be complex. And making time to plan for the future on top of the daily business decisions, well, it’s next to impossible to do it all.

Several years ago we noticed a disturbing trend. There was a great deal of time and money spent on estate planning, but the process was a confusing mix of outside parties with different ideas on what success looked like and their own agendas. The outcome was sometimes disjointed and occasionally catastrophic to the business and family.

Encore helps lay the groundwork to guide farm families through succession planning before engaging other advisors like accountants, attorneys and financial planners. Our three-phase process provides clarity, open conversation and an action plan to follow. Here’s how:

  • Includes all parties involved prior to the start of the project and everyone is assembled for feedback before moving forward.
  • Conducts due diligence of all tangible and intangible information, while embracing family values and vision, to develop a full-circle analysis of the business, increase trust and decrease conflict.
  • Assists in implementing action plans by cementing changes and creating accountability within the family and business, which is often difficult without a 3rd party.

For a free introduction to Encore, contact Tim Schaefer