Succession Planning - Montrose, Colorado - Supporting the Local Community

Family-Owned Businesses

Owner managed businesses are challenged to have their businesses succeed into the next generation. Typically, 70 percent of family businesses are not successful in passing the business on to the next generation. One of the reasons for failure is the lack of planning and effective communication within the dynamics of the family. C. Lynn Northrup, CPA is a specialist working with family businesses and helping them solve complex succession and business problems.

Establishing Successful Transition Options

Typically entrepreneurial owners are the engines that run the business. Imagine the consequences if the owner suddenly is unable continue in this role. I provide proven methodologies and processes to help owners avoid these situations. My succession planning tools are proven based on years of working with owner managed businesses.

Building Effective Management Teams

One of the keys to successful ownership succession and transition is building effective management teams. My training and coaching tools are proven and effective. I train management teams in a wide area of disciplines that impact all functional areas of the business.

Tools for Bridging Ownership and Management

A unique component of effective succession planning and ownership transition is utilizing boards of directors to balance the dynamics between owners and management. Boards of directors also serve to provide the needed support to owners as they navigate the turbulent waters of tough economic conditions and face critical decisions. Providing owners with effective support and feedback represents a critical element to successful succession planning.

A Local Resource

My wife and I moved to Montrose two years ago. Now that we have settled into our new home and have made the transition, I decided to offer my specialized expertise to community businesses. I look forward to supporting local businesses as they face the challenges of ownership succession and transition. Give me a call to schedule an appointment with no obligation to discuss your specific situation.