“When we hired DeVoe & Company, we got much more than a valuation and succession plan. We gained a whole new way of understanding our business.”
— MATT HALL, CEO of Hill Investment Group
 
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Succession Planning and Legos: Simplifying the Complex

Succession planning is complex. It’s almost like someone gave you a big bucket of random Legos, showed you a picture of a Lego car, and said “build that.” No directions, no additional perspectives. You are on your own. Does that sound fun?

Succession planning is the same way: There are lots of Lego blocks (a valuation Lego, or a deal structure Lego, for example); some apply to your situation, and some don’t. And if you had instructions and some perspectives to fill in your blind spots, you could whip through it in no time. It might even be fun.

That’s where we come in.  

SuccessionWorks™ is a methodical approach to help you efficiently navigate the succession planning process. We determine what modules you have, what modules you need, and how they all should fit together. Every succession plan will have certain modules, such as an equity migration plan, a management migration plan, or a continuity plan. Many plans will have additional modules, which can include loans, partner criteria, incentive compensation, or analysis to determine if an internal plan is an option.

All in, there are over 30 different modules that are related to succession planning. And you only need a fraction of them.

When you contact DeVoe & Company, we will guide you through a brief series of questions to craft a personalized SuccessionWorksPlan™ for your company. It will clearly define what you have, what you need, and how it all will fit together. And then we can get started, get it done, and allow you to get back to the fun stuff: serving clients and growing your business.

Contact Bakey at bakey.farrar@devoe-co.com or call 415-813-5066 x7 to schedule a time for us to talk.

 

SuccessionWorks™ Webinar:
DeVoe & Kochis Fireside Succession Chat

July 27, 2017 4:30 EDT

Succession planning is complex. We want to make it appropriately simple.

Join David DeVoe and Tim Kochis on our July 27th webinar to get your succession plan moving forward.

We will discuss our experience and insights on transition planning in a structured, but informal fireside chat. You will learn which of the 30+ components of succession planning apply to your firm. Take a big step forward in your succession strategy. Seating is limited, so register today.

We hope you join us!