Secrets
To
Succession

Exploring the most common challenges faced by both the family and business alike, while bridging the generational differences between parent and child to ultimately unify the family’s goal of succession.

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Secrets to Succession Book Cover

Whats Inside?

The book offers readers a first-hand look at the process of transitioning a family business from the unique perspective of the successor.

Exploring the most common challenges faced by both the family and business alike, while bridging the generational differences between parent and child to ultimately unify the family’s goal of succession.

The key stages and major milestones present in successful family business transitions are outlined through a framework that is now called “The PIE Method to transitioning your family business”.

A simplified way of approaching the process of succession by outlining a sequential set of phases that must be addressed, including:

Secrets to Succession sheds light on the real challenges that family businesses face during succession. The book provides guidance and candid insights into the realities of transitioning a family business from one generation to the next. A snapshot of the entire process from beginning to end that allows families to understand what goes into transitioning a business, allowing them to better plan and prepare for the road ahead.

So what is Family Business Succession? Gerard Gust, successful successor and CEO of a multi-million dollar restoration company will enlighten you. His new book, Secrets To Succession, shows you how to successfully transition your family business from owner to successor. Gerard brings first-hand experience of challenges faced throughout the process of transitioning the family business and sheds light on how to succeed while planning your family business succession. 

The book offers readers a first-hand look at the process of transitioning a family business from the unique perspective of the successor. Among the invaluable lessons you’ll learn are: 

 

    • The 3 Step Pie Method To Transitioning Your Family Business
    • How To Properly Structure And Develop Your Transition Plan
       
    • How To Prime Your Business For Succession
       
    • How To Recruit Your Essential Transition Team
       
    • How To Overcome The Most Common Succession Challenges


Whether you’re an owner, successor, or entrepreneur struggling to continue your family’s legacy, Gust’s insights will help you develop your roadmap through family business succession and fulfil your dreams of passing the torch to the next generation. 

What Is Family Business Succession?

Contrary to common belief, transitioning a family business is not just a plan on how to transfer the ownership of shares from one person to another, in fact, that is probably the easiest part of the process.

The key word in this subject of transitioning a family business is indeed “family,” and that is where most of the intricacies and complexities of succeeding a business come into play.

Finding a way to lead, govern, and work alongside family is likely the biggest challenge in the transition process. The lines between parent and child, boss and employee, are blurred, stressed, and tested.

The book brings forth a unique perspective on the subject, that of the child that has succeeded his family’s business, one that can now speak to both the current business owner and successor alike, taking both generation’s viewpoints into account and finding the common ground to build on.

Secrets to Succession is written for the everyday family business that may not know where to start or what the process entails. Within the book, the PIE Method to transitioning a family business is revealed. A systematic approach and snapshot of the succession process, an outline if you will that simplifies the way we think about and approach the topic of family business succession. A structure and sequence of events that are inherent in all successful family business transitions, revealing the path around the challenges and obstacles present at each milestone phase and a towards transition success.