Business Succession Planning
Though it might not have occurred to you when establishing your company, preparing for instances when you aren’t available to provide leadership is a critical part of business ownership. Whether in setting the stage for the next generation of management or in the face of a catastrophic event, having a plan in place strengthens your organization as a whole. With headquarters in Wichita Falls, Walker Business Advisory Services provides businesses in TX and across the country with succession planning services that preserve the legacy they’ve built over the years.
To learn more about how Monty W. Walker and his team can help you plan for your future as an entrepreneur and that of your business, contact us today to schedule a consultation.
Developing A Custom Plan
The values behind your company are unique to you, which is why Walker Business Advisory Services doesn’t believe in a one-size-fits-all solution when it comes to helping you meet your long-term objectives. We recommend solutions and develop a plan based on changing marketplace realities and where you see yourself years down the line. Our Wichita Falls-based firm follows a multi-phase process that begins with identifying needs. Once we have grasped your vision, we evaluate the current state of your business, particularly as it relates to its potential developing value. This analysis allows us to understand current trends in your specific market, the competitive nature of the field, and where your organization sits in the scheme of things to ensure our recommendations foster your success.
From here, we create a realistic plan that helps you fulfill needs by leveraging your current and potential resources. These plans are developed so that you can take advantage of both short- and long-term opportunities and are flexible enough to be adjusted should your business’ goals or needs change.
Transition Planning with Walker Business Advisory Services
In addition to planning for the ongoing success of your business, Walker Business Advisory Services provides support in creating and implementing a succession plan in the event of retirement or other major change in daily operations. We help to establish a process to train and promote individuals from within the organization or bring in talent from outside, whether a newly hired employee to be groomed into the role or advisors and parties that could satisfy needs in the interim. As a business transaction CPA, Monty also walks clients through their options for selling their company, if this ends up being the best way to achieve their personal and professional aims.
The succession plans we create are customized to ease the stress associated with a variety of situations, from an anticipated transfer of management responsibilities to a sudden loss of leadership. These prove to be especially beneficial for entrepreneurs who are looking to smoothly transition away from ownership with enough capital to begin their next venture.
Contact Us Today To Begin Strategizing Your Transition
Monty Walker and the team at his Wichita Falls-based business transaction firm are committed to helping clients succeed in their venture and have a plan in place to ensure changes in ownership and direction are as seamless as possible. To learn more about establishing a long-term strategy for your business when you aren’t part of daily operations, reach out to Walker Business Advisory Services today.