Succession Planning

Family business owners often want their company to continue beyond their lifetime, managed by their children and, possibly, future generations. 

 “According to The Family Firm Institute, only about 30 percent of family businesses survive into the second generation, 12 percent are viable into the third generation, and only about 3 percent of all family businesses operate into the fourth generation or beyond” ….June 12, 2018

These survival strategics can be alarming and a best a difficult and challenging process facing every family business owner—raising issues that you’d probably rather avoid. But the strength and longevity of your family business will be your reward.  At Snebold Family Business we can partner with you to develop and put a succession plan in place, lending our 30 years plus of local expertise to help you identify, implement and adjust your personalized strategies and techniques that will best serve you and your family business.

You’ve dedicated years of energy and commitment  and in some case your lifetime to building your family business. When it’s time for your children or other family members to take over the management, every family business owner will have to devote the same focus and energy, thought and planning to developing a succession plan. Snebold Family Business has over 30 years of local experience advising the family business owners.  Not only can we help you with your family business succession plan we will also provide the most current practices and guidance for your unique circumstances. 

Every local business owner, family, and stage of life is different. But when it comes to succession planning, they all require the same things, focus, caring and expert consideration. At Snebold Family Business we identify and implement the custom strategies that will best serve you.  An experienced partner to make the transition smooth and profitable.

Snebold Family Business offers you access to our strategic partners and specialists. Private business advisory. Fiduciary services. Investments. And more.  If you need to sell your business we can help you as well.

Let us work with you and your family to develop a succession plan that will honor what you’ve built-and make sure it thrives for generations to come. 

“Failure To Plan The Stewardship Of The Family Business And Its Passing To The Next Generation Puts The Future Of The Family Business At Risk.”…..by Rich Snebold