The SafeEstates Blog

Business Succession Plan & The New Year

Each January brings opportunity and optimism.  The New Year gives us a fresh start on life and causes us to look forward instead of backward.  Now is a great time for making decisions, setting short term and long term goals, and taking action toward achieving your goals.

January is the birth month for Martin Luther King, Jr. (January 15, 1929) and Robert E. Lee (January 19, 1807).  Both were great leaders who sacrificed their personal welfare for a greater cause and inspired thousands to join them.  Dr. King inspired and unified a generation of Americans.  His impact on social justice is still being felt and his words are still relevant.  General Lee was loved and respected by his army.  His men followed his leadership against great odds because they knew he cared about them and they trusted his judgment.

Leadership is critical for every family and every small business.  Successful parents train their young children, sharing core values and positive mindset.  The training continues as children become adults and watch their parents navigate through the struggles and victories of life.  Successful parents “let go” and allow their children to learn from their mistakes.  Parents can lead their families (including grandchildren and beyond) later in life by including them in the estate planning and legacy process.  Then when incapacity or death comes and the next generation is called to lead the family, they will be ready for the challenge.

Successful small business owners train and manage their new employees and continue the process, developing their talents and abilities and inspiring them to set and achieve their own goals.  Successful small business owners have a succession plan and an exit strategy.  They realize their successor will not operate the business exactly as they would have done it.  They are not afraid of change.

So, when you are ready to take the next step in estate planning or business succession planning, or when the time comes for you to step up to lead your family, contact my office to schedule an appointment.  I will listen to your concerns and help you make informed decisions.