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Succession Planning

Planning on selling or retiring from your business? There are many aspects involved in making a decision of this type. Consultation with lawyers, accountants, financial planners, and other business specialists generally tends to focus on the physical, concrete and objective aspects of succession planning (the physical change). Quite often, insufficient time is spent focusing on the psychological, emotional, and more subjective aspects of succession planning (the transition).

Ripple Dynamics coaches business owners through the three transitional stages involved in transition identified by William Bridges in Managing Transitions, Making the Most of Change (DeCapo Press, 2003). We help business owners develop practical, step-by-step strategies to:

  • Clearly recognize and prepare for the Endings stage of succession planning..
  • Effectively prepare for the uncertainities, creativity, and reorientation of the Neutral Zone stage whether it is a career change, a new business venture, or retirement.
  • Successfully identify and understand external and internal signs leading to the New Beginning stage.
Contact Ripple Dynamics for a free initial consultation.