Nearly two-thirds of family businesses don’t have a documented and communicated succession plan.
It’s estimated that only 30% of small businesses successfully sell, leaving 70% of small businesses without a buyer or successful plan for what happens next.
Many businesses are looking towards employee co-ownership as a viable pathway towards succession planning. With a business playbook, the potential value of your business can be easily calculated and ease transition planning.
A playbook acts as a central repository of organizational knowledge and expertise, ensuring that vital information is shared and preserved. It empowers employees by providing clear guidance on roles and responsibilities, leading to increased job satisfaction, engagement, and a sense of ownership.
Our team has been documenting business processes for over 10 years. While the complexity and industry context might change, the core activities used to obtain insights and visualize the process remain stable.
