Putting Yourself Before Your Successor: How to Prepare Yourself for a Successful Family Business Transition

Danielle Fracchia

ISBN 10: 0648012409 / ISBN 13: 9780648012405

Published by D&G Publishing, 2017

About this Item

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Bibliographic Details

• Title: Putting Yourself Before Your Successor: How to Prepare Yourself for a Successful Family Business Transition
• Publisher: D&G Publishing
• Publication Date: 2017
• Language: English
• ISBN 10: 0648012409
• ISBN 13: 9780648012405
• Binding: hardcover
• Condition: Very Good

About this title

Synopsis

Helping large family business owners prepare themselves for a successful family business transition

Is there such a thing as a successful family business transition?
Putting Yourself Before Your Successor, Danielle Fracchia contends yes, but only with adequate self-preparation. Written in a reflective yet direct style, Danielle offers practical strategies family business owners can adopt to prepare and position themselves before they step aside.

Family business succession is more difficult, complex, and lengthier than in other environments. The deep emotional investments into the business result in the process taking years, with owners rarely moving into equally satisfying roles.

For a transition to be successful, two continuities need to be managed. The first is self-continuity. The second is organisational continuity. While consulting to family business owners, Danielle discovered that the success of a transition relies more on intangible factors, such as emotions and willingness to change, than tangible factors, such as plans and constitutions.

Putting Yourself Before Your Successor helps those to be succeeded immerse themselves in their succession planning process. It helps them to incrementally relinquish their current responsibilities and gracefully step aside into a new envisioned post-transition reality equipped with a definitive purpose and direction.

Addressed to family business owners, Putting Yourself Before Your Successor reinforces that you are the only one who can lead your succession planning and transition process, and gives you the confidence to start today.

Reviews

“Forget succession plans, constitutions, identifying who will take over from you, and stakeholder engagement. If you (in this case the patriarch or matriarch) are not prepared to hand over a family business, then it is not going to happen (or at best will happen badly). That’s the simple message of Putting Yourself Before Your Successor… My favourite pearl of wisdom? There is no perfect time to hand over the reins only a better time than others. As a piece of advice, it is simple, direct, and incredibly practical… “Gracefully stepping aside” may be easier said than done, but Putting Yourself Before Your Successor helps prepare the all-important psychological groundwork to take the trickiness out of transition.”
– Rated 4 out of 5 stars by Nicholas Moody, Editor Campden Wealth