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BUSINESS SUCCESSION ORGANIZING

Business succession organizing may not be
at the top of your priority list – yet it should be.

Our businesses are just as unique as a personal lives. And, in many cases, are more complex than our personal lives.

 

And unfortunately, having an operating agreement in place isn't enough to ensure your business will continue to operate in the way you want.

 

Yes, an operating agreement will provide your Successor with the authority to run your business — but they'll also need to understand the in's and out's of your business so they can effectively operate your business.

When we look at all the moving pieces and parts that support our businesses, we quickly see that every business — regardless of the industry — has a lot of commonality.

So, what makes up a business today? 

A MODERN-DAY BUSINESS HAS

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legal + compliance info

formation documents, operating agreements, periodic filings + more

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financial details

EIN, bank accounts, taxes, insurance, CPA, bookkeeper, accounts receivables + more

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digital tools

video conferencing, scheduling, image creation tools + more

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online presence

domain names, social media, Google Business Profiles + more

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contracts & commitments

from agreements with clients/customers to contracts with vendors

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business offerings

details about your business's  products or services — or both!

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employees / subcontractors

contact info, benefit details, subcontracts + more

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property — physical and digital

equipment, supplies, podcast episodes + more 

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brick & mortar

stores, warehouses, co-working spaces, podcasting studios + more

the items above are simply a sampling of a modern-day business —
every business is unique and likely has other components to it

WHY USE TECH TO ORGANIZE YOUR BUSINESS SUCCESSION DETAILS?

EASIER
 no more misplaced paper files, no more requiring a Successor to be tied to a physical location

 

MORE SECURE 
technology provides secure means to protect and share business information

 

ACCESSIBLE
Your Successor will be able to access the business information they need — wherever they are

I WANT TO SAVE YOUR SUCCESSOR FROM

  • stressing out because they don't know the business's EIN, can't access the accounts receivables and payables information, don't know who the CPA or bookkeeper is — and they need to file the business taxes 

  • "flying blind" because they don't know what vendor contracts have been signed, what client work is under obligation to complete, or how to contact valuable team members

  • trying to figure out how to update the business's website, how to contact vendors and clients and where inventories are kept

  • needlessly paying interest and late fees because they don't have the authority and/or information needed to pay bills

Organizing your BUSINESS SUCCESSION INFORMATION BOILS DOWN to three simple stepS

what: identifying what areas and details apply to your business

whERE: organizing succession information so your Successor can easily locate it

hOW: ensuring your Successor knows how to access this critical business information — and how to access all the associated digital accounts 

Because business owners have different styles, needs and schedules, I offer my business succession organizing services in three formats:

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digital framework

Highly motivated to work on your own and are looking for a comprehensive spreadsheet to complete on your own schedule?

My Business Succession Playbook™ is for you!

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one-on-one

Looking for a private and highly personalized  experience? 

I'm happy to work with you individually based on your specific needs. 

  • In what format(s) is the Business Succession Playbook™ available?
    The Business Succession Playbook™ is available in two versions: Excel and Google Sheets. Purchase the version that makes best sense for you and your business.
  • What do I get?
    In addition to the Business Succession Playbook™, you'll also receive a 16-minute video that provides an overview of the digital framework and explains the purpose and goals of each tab. The video also includes suggestions and tips on how to set up your business — and your Successor — up for success.
  • How much does the Business Succession Playbook™ cost?
    The comprehensive Business Succession Playbook™, which includes 360+ prompts, costs $697.

Want to discuss which option is the best fit for you?

Schedule a 20-minute discovery call with Kate — it's free!

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