November 24, 2022
SUCCESSION READY – A case study
A BC-based, founder-led and family-owned cidery and farm to table restaurant was at an important junction — they had grown their business rapidly and needed to take the time to plan for next steps to ensure the long-term sustainability of their labour of love.
Context
A BC-based, founder-led and family-owned cidery and farm to table restaurant was at an important junction — they had grown their business rapidly and needed to take the time to plan for next steps to ensure the long-term sustainability of their labour of love. SuccessionReady is the result of a partnership of three expert consulting companies: Wirk Consulting, Catalyst Strategies and Mandate Consulting. The founders brought in SuccessionReady to engage in their simple, effective, and real-world approach to succession planning for founder-owned businesses and to work alongside them and their family members to develop a Succession Plan for the future of their business — to grow and scale in a structured way, transition to the next generation with intention, and leave a legacy that endures.
Approach
Reviewed relevant background information provided by client and conducted research to inform subsequent planning. Conducted interviews with key stakeholders including the founders, family members, and professional service providers. Facilitated a series of workshops with the founders and their family members to develop a Succession Plan Framework and accompanying Tactical Plan (in progress).
Outcome
Clarity and a shared understanding about the future for the founders and their family members.
Input from professional service providers who will be integral in helping the founders implement their Succession Plan. A clear and effective Succession Plan Framework and accompanying Tactical Plan (in progress).
