For Business Owners

7791930_mnewCompanies around the globe face unique challenges as they navigate today’s highly competitive business environment, including: developing the next generation of leaders, exit planning, managing succession, governance, generational struggles, building family professionalism, and preserving culture and values from one generation to the next.

U nlike other consultants, the Da Vinci Method® addresses issues on a multi-systems basis—the business system; the ownership system; and the family system. This comprehensive—rather than piecemeal—approach to overcoming challenges and seizing opportunities produces more impactful and sustainable results.

F or an overview of the realms and elements that comprise Da Vinci’s “Family Business System,” view the graphic below.

Here is a partial list of Da Vinci services provided to business owners:

  • Board of Directors Development & Support
  • Business Model Development & Support
  • Management Team Development & Support
  • Exit/Transition Planning
  • Visioneering
  • Succession Planning
  • Estate & Distribution Plan Coordination
  • Conflict Resolution
  • Strategic Plan Development & Support

Exit planning is the creation of a comprehensive road map to allow a business owner to successfully exit a privately held business. An exit plan asks and answers all of the business, personal, financial, legal, and tax questions involved in selling a privately owned business. Da Vinci serves as your advocate and guide through the entire process.

The purpose of an exit plan is to maximize the value of the business at the time of the exit, minimize the amount of taxes paid, and ensure that the business owner is able to accomplish all of his or her personal and financial goals in the process. A good exit plan can be complex and usually requires advice from a number of different specialties. But, the failure to create a well-defined exit plan virtually guarantees that the business owner will:

  • Exit their companies as a result of pressure from outside circumstances, not as the result of their own desires
  • Exit their companies on a timetable that’s forced on them instead of one that meets their needs
  • Undervalue their companies and leave hard-earned wealth on the table.
  • Pay too much in taxes
  • Lose control over the process by being reactive and limiting their exit options
  • Fail to realize all their business and personal goals
  • Suffer unnecessary psychological stress
  • Watch a lifetime of work disintegrate as a result of poor business continuity planning
  • Lose confidentiality during the sale or exit process

Please take a few minutes to complete Da Vinci’s “Exit Planning Assessment Questionnaire” by clicking HERE. After you have typed or written in your answers, forward the questionnaire to us so we can provide you with a complimentary report regarding your level of preparedness to exit your business. Also, please listen to Michael’s recent radio interview that he did on Exit Planning by clicking HERE.

Succession planning is a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. Through your succession planning process, you recruit superior employees, develop their knowledge, skills, and abilities, and prepare them for advancement or promotion into ever more challenging roles.

Actively pursuing succession planning ensures that employees are constantly developed to fill each needed role. As your organization expands, loses key employees, provides promotional opportunities, and increases sales, your succession planning guarantees that you have employees on hand ready and waiting to fill new roles.

Many factors account for the success of a business. However, few are more important than “the leadership process,” which is the way in which an organization’s top staff or managers work together to achieve business results.

Do they have a common vision of the future and strategy to achieve that vision? How do they set goals and define priorities? How clear are their values? Do they “walk the talk?” Do they trust each other? Collaborate cross-functionally? How do they communicate? Are they able to talk about sensitive topics? How do they make decisions? Hold one another accountable? Balance daily urgencies against the long-term development of the organization? Work out inevitable conflicts and competing priorities?

At Da Vinci, we believe that “the leadership process” is a critical driver of an organization’s ability to meet the demands of the business environment, execute their strategy, build a culture of engaged employees, and succeed long-term. We guide teams through a process of defining and improving their charter (mission, values, goals/metrics, etc.), design (how they organize themselves to accomplish their work), and relationships (their respect, trust and synergy) so they can become a cohesive team with a common focus, able to rally people behind them, and achieve outstanding business results.

To learn more about DGC’s approach to the Science of Personal & Team Productivity, click HERE.

Strategic planning is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions:

1. “What do we do?”

2. “For whom do we do it?”

3. “How do we excel?”

The key components of ‘strategic planning’ include an understanding and alignment of the firm’s culture, vision, mission, values and strategies.

Da Vinci specializes in developing comprehensive, powerful, one-page strategic plan that focuses the entire organization toward accomplishing quarterly, annual, and longer-term goals.

DVGC Family Business System v2.5