SHE Insights

Transitioning Ownership

Planning for Changes in Work & Life

Every Iconic founder should undertake the personal and complex process of building a roadmap for establishing a legacy that lives on beyond their day to day involvement. Know the Stats:

70% of Family Businesses Don't Survive into the 2nd Generation

53% of family owned construction firms are in the first generation

32% of Construction owners prefer family continue to run the business

23% of Family Owned Businesses have a Formal Succession Plan in Place*

Understand your options:

Asset Purchase · Generational Transition · Management Buy-Out · ESOP 

Know how to explore the different possibilities when the time comes. 

Discovery Process -> Feasibility -> Roadmap -> Preparation -> Execution

Successful transitions in leadership are just like any good construction project. You work through the conceptual plan, design, build out, finishing, etc. Key requirements include:

  1. Understanding The Current State: Examining Where You in Relation to Where you Want to Be

  2. Assessing the Options: Understanding Key Exit Strategies and Financial Considerations of a Transition

  3. Creating the Roadmap: Planning Your Story, Your Strategy, and Your Timing: Five Minutes or Five Years

  4. Preparing Your Business: Establishing Systems and Processes to Navigate Transitions of all Kinds

  5. Executing The Plan: Developing or Finding the New Leaders and Maximize The Enterprise Value

If you're interested in learning more, please connect with us at to chat about our succession planning and business transition practice. 

*Statistics come from PWC Family Business Survey, FMI OTMS Study, and The Family Firm Instiitute.