NEXGENTINUITY
Getting to the Next Generation of Leadership
NexGentinuity works with family businesses on all matters related to planning and implementing an orderly transition of leadership from generation to generation.
Planning
Option development
Mapping the Chosen Path
PROTECTING YOUR FAMILY BUSINESS
Planning, Option Development, Mapping the Chosen Path
I work with clients, providing exceptional consulting services that are catered specifically to their needs. Take a look below at the services I offer and get in touch to ensure that your business is successfully transitioned to the next generation of leaders.
TRANSITION PLANNING
It is best to have a comprehensive plan prepared well in advance
Preferably, succession planning begins several years before the envisioned transition of leadership. While firm decisions are usually not made in advance, it is imperative that consideration be given to providing experiences, training, coaching and opportunities to potential leaders in the nexgen. Given that societal norms are shifting at a rapid pace, consideration must be given to the likes, desires, personal preferences and personal goals of potential leaders.
OPTION DEVELOPMENT
There may be more than one way forward
Finding consensus on the best option is an iterative process. It is imperative that the goals and objectives of both the exiting generation and nexgen be articulated and addressed. Ultimately we want to design a strong team; one capable of driving the business to the next level of performance, not the best group of individual contributors, so consideration to team dynamics must be considered in assigning roles and responsibilities.
MAPPING THE CHOSEN PATH
A Comprehensive Approach
Once a path forward has been agreed a plan is developed with timelines, milestones, action steps, etc. to ensure that the transition is acted upon timely and deliberately. This aspect of the process requires a strong project leader to hold all accountable to the commitments that have been made.
We usually think of project control as getting people to do certain things, and that’s true here as well, but there are likely to be actions that require some family members to do fewer things or work less; if the senior generation has difficulty dialing back, the nexgen will be unable to fully take control. Once again, a seasoned consultant will be able to identify this challenge and effectively find solutions.
BIO
Frank LaSaracina, CPA
Frank LaSaracina CPA, founder, has over forty years of business experience from a variety of companies, including large and complex global organizations, to start-ups and small consultancies. Working both within companies and as an external advisor, his experience spans complex, global R & D based companies as well as mid-sized family owned, companies, and includes roles of Vice President, Strategic Planning at Ciba Pharmaceuticals and COO at Key International, Inc., a family-owned distributor of packaging equipment.
OTHER SERVICES
Related Services
With over forty years of experience in matters related to financial management, general management, accounting, teambuilding and process improvement, clients often ask for guidance beyond succession planning and transition management.
Process Improvement
Cash flow enhancement
Working capital management
Gross margin improvement
Improved financial results
Governance
Clear cut RAA
Organization design
Functional Board of Directors
Managing committees
Enhanced control
Leadership Development
Financial literacy
Coaching and counseling
Change management
More effective leadership
