Succession Planning Mark H. Fowler

The Power of Collaborative Conversations

Creating a Peaceful Environment — Everyone Wins

We all retire, hang up our hats, slow down, move on to something new.  Whether we are business owners, managers or supervisors, production or administrative team members, part of the janitorial team, we’re all important.  We’re essential ingredients in businesses where we work, our families, communities where we live, organizations we support — life in general.  No matter what the size of our footprint, we mean a great deal to many people.  

This comes home as we progress towards retirement.  We work with businesses needing to transition their senior team members as they begin to change their paths from full-time to part-time to retirement–this can include the sale or merger of the business.  Two major points come into play: 1) revising the operating protocols including new talent and/or promoting from within; 2) working with team members to create a plan for transitioning their work, figuring out their financial requirements, coaching on how to create a new life.

The most important aspect is not the financial dynamic.  Critical for success is meaningful, interactive conversations with the people in your life.  Interestingly, these may be people you have not had the best relationship with or spent much time together.  But, as you leave, links to others become quite clear and most important.  The list can be very long but skipping too many marginalizes your succession success. 

This can include:

1) spouses and other family members,

2) direct team members,

3) clients/customers,

4) vendors and business associates,

5) business partners,

6) professionals: lawyers, doctors, accountants, emotional and coaching support, financial advisors,

7) governmental organizations, i.e., Social Security, etc.

8) financial retirement trusts and life insurance agents,

9) outside business associates and the list goes on.

At a senior management level, it takes at least 2 to 3 years to plan, orchestrate, and secure a successful succession program.  If you are considering retiring or you have key team members with succession on the horizon, the best place to start is a meaningful “conversation”.  We suggest a “come alongside” approach — making this process a collaborative event. 

You can find essential skills and techniques in our book, “Revolutionary Conversations: The Tools You Need for the Success You Want” available on Amazon.  We would be happy to hear from you.  Please contact us via phone or e-mail

Copyright © 2020 Revolutionary Conversations, LLC. All Rights Reserved

REVOLUTIONARY CONVERSATIONS

Revolutionary Conversations- The Tools You Need for the Success You Want

Now, possibly more than ever in our history, we need to focus on communication – how we have conversations that move us forward — even when we are stressed beyond belief. Revolutionary Conversations™ and the S.H.A.R.E.™ Tools will give you a platform to develop soft skills and a roadmap to navigate any conversation. From the shop floor to the board room, from the office to the living room, these simple, elegant Tools, will help you build consensus and solve problems, create effective teams, increase engagement with employees, family and friends.

Buy it today and put it to work now!

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