Over 60% of SMEs do not have a succession plan and 70% of entrepreneur’s plan to retire in 10 years, with 40% planning to close their business for lack of succession. Missing more than 20,000 take over businesses in Quebec. In this context, the entrepreneur coaching becomes important. Our 35 years of experience in enterprises, our understanding of the different challenges of entrepreneurs allows us to advise them and works to reduce the gap between the vision of the owner and the succession. We have developed a simple method, START.

Set and share common strategic vision and value

Paint a clear portrait of company’s actual position
Establish the understanding of each member of the company
Ensure that all share the same vision and values
Create a dashboard and follow-up plan
Establish the necessary financial requirements
Finalize the strategic plan and action plan to be implemented

Table the challenges, needs and role wanted for each member

Properly establish and plan needs and objectives as an entrepreneur
Identify what you really want to transfer
Clarify and define the roles of members and each person's responsibilities
Clearly define the family environment and key person for the continuity
Clarify and define the roles of members and each person's responsibilities
Identify any barriers and issues to be resolved

Act now and Augment trust and harmony

People first
Protect the family unit and create needed council
Clearly communicate, listen and express your expectation
Identify any barriers and issues to be resolved continuity
Build positive relationships and plan regular meetings

Realize enterprise action plan and ensure continuity planning

Begin the succession plan today
Establish a 3-5 year implementation period
Share the succession plan with everyone
Plan the stages of the succession plan
Maintain key employees in the company
Have and be prepared to introduce a Plan B

Transfer of management, power, knowledge and ownership

Properly understand the 4 phases of the succession transfer process
Groom, mentor and train successors
Successfully complete the 4 transfers, management, power, knowledge and ownership
Ensure proper positioning with clients