Manage episode 300944050 series 1958094
Can your business survive without you?
Did you know that 85% of failed business transitions occur because of poor communication, mistrust, and lack of planning?
Rochelle Clarke is a business advisor who specializes in keeping businesses in business with business continuity planning and transition preparation. Through her company, she ensures that retiring leaders, their incoming successors, and the businesses that support them are ready to move successfully to the next stage of their business’ lifecycle whether by succession or sale.
If the words: "Planning for the Unplanned'' ring clearly when she speaks, then "Be ready" echoes her sentiment.
Transitions may need to occur on any occasion and businesses must be adequately prepared for the change.
The Founder of Succession Strength, and the platform Continuity Strength, International keynote speaker, lecturer, and graduate of the University of Pennsylvania’s Wharton School of Business, Rochelle is also the author of "The 5 Critical Succession Conversations: A Comprehensive Guide for the Family Business".
In this episode, we discuss:
- Business Continuity Planning,
- Business Transition,
- Succession Planning and Preparation,
- The difference between the entrepreneur and the family business owner, and
- 6 tips for working with family and friends.
Succession Strength - Keeping businesses in business for generations.