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Succession Planning Advisory Services

Taking a proactive, systematic approach to succession planning today can help ensure your company continues to flourish well beyond tomorrow. The DSJ Advisory Group guides you through the entirety of the succession planning process, providing your business with the tools necessary for a healthy financial future.

father and son business succession planning

What Is Succession Planning and Why Is It Important?

Succession planning is the process of identifying very important positions in the organization and creating a talent pipeline, by preparing employees to fill vacancies in their organization as others retire or move on. A successor is an employee with the knowledge, skills, and abilities to fill a vacant position until a permanent replacement can be identified.

 Succession planning helps ensure business continuity and performance, particularly during times of shifting leadership and change. Even when there is no identifiable successor within an organization, succession planning can help identify the knowledge, skills and training needed in a future external candidate.

US Office of Human Resources

While the information provided above gives a broad definition of succession planning and its associated benefits, that is just the tip of the iceberg.


Our Process

At the DSJ Advisory Group, we help identify and implement the succession planning approach that generates your desired outcomes. Depending on the intricacies of your business, the succession planning process generally takes between 12 and 36 months. Whether selling your business to a third party, training successors to maintain the status quo, or carrying out a unique succession planning strategy, our team is here to help.

Succession Planning – Strategies and Components

Financial Implementation

A well-executed succession plan accounts for a wide range of fiscal data, determining the best way forward while keeping within your budget. Therefore, not only do you need to bolster your leadership transition strategy, but it is also crucial to factor in the associated costs. Based on a comprehensive analysis of your company and the specific goals you want to achieve, our team helps develop a succession plan tailored to your needs.

Managed Services Agreements (MSAs)

A managed services agreement, also known as an administrative services agreement, formalizes the details when sourcing your book of business to another company to collect passive income. Aside from the contract itself, successful MSAs also require due diligence in choosing the right business partner. Our mergers and acquisitions specialists will assist you in finding and selecting the ideal prospect, assuring your clients that they will continue to receive the same quality service you currently provide.

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How Can DSJ Help You?