BossCoach reduces the expense, work and stress that goes with family business transition.

A turnkey, three-phase approach, that drives value in your family business.

  • Discovery

    Document a vision for the outcome, the problems to solve, the stakeholders to be considered, project scope, trusted advisor analysis and sourcing.

    INCLUDES:

    Readiness Assessments & Estimate of Value

    12 family or private coaching hours to create clarity, surface friction areas, and understand individual and group goals

    Launch with a 90-Day Succession Sprint:

    1) Document goals and debrief assessment results

    2) Establish priorities, stakeholder needs, explore common transition approaches, design our succession roadmap

    3) Evaluate current advisors and source new or additional advisors; establish budget

    10 project management hours to drive timeline

  • Preparation

    Create the project plan, assemble internal champions, establish the timeline and all major milestones. Largely focused on the deal structure and owner’s estate plan.

    INCLUDES:

    2 Modules from the Value Builder™ Engagement Program

    12 family or private coaching hours to build momentum, improve communication, and create accountability

    Owner’s workshop series where we will:

    1) Engage our Trusted Advisors around transition strategies, estate planning, financial planning, and risk assessment so that we can align around a master project plan

    2) Partner with internal leaders and change champions to collaborate on our plan for organizational readiness

    3) Establish communications channels so emerging leaders can build credibility and confidence

    10 project management hours to drive timeline

  • Implementation

    Deliver on the master project plan while establishing a governance infrastructure for the ongoing benefit of the family and the organization.

    INCLUDES:

    Develop a Family Charter and Family Council

    Lead a series of Family Council meetings to establish family employment and other needed policies

    Lead a series of Trusted Advisor meetings to finalize estate, risk mitigation, tax plans and buy/sell agreement.

    12 internal team or private coaching hours to implement Value Builder modules

    Policy documentation and revisions

    10 project management hours to drive timeline

At BossCoach, clients define the success measures.

Here are some outcomes family businesses typically seek.

Next generation empowered to lead

  • Absolute clarity about what they want

  • Taking ownership and accountability for implementing change

  • Building financial and industry acumen

  • New-found empathy; sees other points of view

  • Can handle difficult conversations, manage conflict and can hold others accountable

  • Able to introduce new ideas while honoring what came before

Siblings prepared for partnership

  • Siblings can self-manage long-standing rivalries

  • Understand that fair is not always equal

  • Work cooperatively but independently across their areas of expertise

  • Clear expectations around authority, opportunity and compensation

  • Cultivating a shared sense of purpose

Current owners solidifying plans and communicating with successors

  • Addressing long-term planning so others can have clarity and direction in their career

  • Sharing authority, and communicating the parameters of new authority without backtracking

  • Respecting the decisions of those who have been empowered

  • Holding others accountable

  • Investing in leadership development

Family Councils & Business Charters

Designed specifically for families in business together, a family council creates a charter that documents the shared understanding between the owner/founder and family members who have ownership interests, are working in the business, as well as family members who are in neither of those groups.

While not legally binding, family charters clarify how important and sensitive issues will be handled, so difficult decisions around ownership and governance can be made without the influence of complicating emotions or the personalities at play. Family values and the enterprise mission are documented, paving a long-term vision for the legacy the family business will have within the community and beyond.

Developing a family charter helps individuals with differing points of view learn to work together in the spirit of collaboration toward a greater good -- the health of the family and the business.

Is family transition right for your business?

There are several ways to exit your day-to-day operations. Align your exit type with your reasons for leaving.

Change-ready to exit on your timeline & terms

This comprehensive package is value priced at $39,999 and takes 1-2 years to implement.

Budget-friendly, monthly subscriptions, paid over 12-24 months. Service packages can also be customized to suit. Pricing and scope of work is for BossCoach only, and does not include fees for external trusted advisors.