Succession Planning for a Family Business

Succession Planning for a Family Business

South Dublin Chamber in conjunction with South Dublin Local Enterprise Office (LEO), are offering a days training designed specifically to assist family business owners in ensuring that they have effective succession planning strategies in place. 

This training will take place on Tuesday 14th February 2017, in the offices of South Dublin Local Enterprise Office, between 9.30am and 5pm. This course has been heavily subsidised by South Dublin LEO and is being offered for only €50 per company (to a maximum of 3 people per company).

To book your place please contact Colm O'Connor, in South Dublin Chamber on colm@sdchamber.ie or 01-4622107 asap.

Details of the course are outlined below.

Succession Planning for Family Business

The future of every Family Business depends on the successful transfer of ownership from one generation to the next, yet only 10% have a documented plan of succession.

The ongoing success of the Family Business and all those who rely on it requires careful planning and communication between all stakeholders.

This workshop explores the key issues involved in successfully passing the Family Business to the next generation.

Objectives:

By the end of the course, participants will: 

·       Understand the importance of planning for the 2 major succession events: Contingency & Long-term

·       Develop an outline process which will enable Succession Planning 

·       Understand the importance of developing family & non-family in the skills required for the future success of the business

Topics will include:

·       Choosing Internal or External Succession

·       Selection & Development of Family Successors

·       Drop Dead & Contingency Arrangements

·       Navigating Family Relationship Challenges

Takeaways for participants will include:

·       Touchstones for Succession Planning 

·       Enhanced skills & deeper awareness

·       Shared experience from peers and Best Practice

·       Effective Tools and Processes that can be implemented immediately

Who should attend this course

Family Stakeholders in Family Businesses: 

·       Owners of Family Businesses

·       The next generation of family owners

·       Other Family Business Shareholders / Stakeholders not actively engaged in the running of the business

 

 

Share: