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Passing The Torch

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Mark Ellsworth

Only 3% of family businesses survive into the fourth generation and beyond due to a lack of succession planning and qualified successors. Leadership training programs can help improve current business effectiveness, prepare successors, and increase confidence for both parents and children. The Emerging Leaders Program is a quarterly workshop series designed for family and closely-held businesses that helps participants gain a better understanding of themselves, learn proven leadership strategies, and develop a valuable peer network to support passing the family business torch to the next generation.

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PASSING THE TORCH
FAMILY BUSINESS SURVIVAL 30% survive to second generation 12% survive to third generation Only 3% survive into fourth generation and beyond 40% change leadership in next 5 years
WHY FAMILIES DONT RETAIN THEIR BUSINESS No qualified successor Lack of planning Management succession plans 1% rated excellent 66% rated fair or worse
THE CASE FOR LEADERSHIP TRAINING Improve current effectiveness Prepare for future leadership position Raise self-confidence (parent & child) Succession will only work if your business is passed on to a child who has the skill to run it.
EMERGING LEADERS PROGRAM (ELP) Quarterly workshops with project Monthly progress check with GPS mentor 24/7 website access with online learning and mentor communication Cornerstone project
WHY THE ELP? Designed for family and closely-held business Gain better understanding of self Learn proven tools and strategies to lead Draw upon experiences of mentor & peers Develop valuable network of peers Self funding
WHATS THE NEXT STEP? Complete program application form Next workshop begins January 2012 For more information contact: Stacie Dykstra, Marketing Director Cain Ellsworth & Co., LLP P.O. Box 449 Sheldon, IA 51201 (712) 324-4614 srd@cainellsworth.com

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Passing The Torch

  • 2. FAMILY BUSINESS SURVIVAL 30% survive to second generation 12% survive to third generation Only 3% survive into fourth generation and beyond 40% change leadership in next 5 years
  • 3. WHY FAMILIES DONT RETAIN THEIR BUSINESS No qualified successor Lack of planning Management succession plans 1% rated excellent 66% rated fair or worse
  • 4. THE CASE FOR LEADERSHIP TRAINING Improve current effectiveness Prepare for future leadership position Raise self-confidence (parent & child) Succession will only work if your business is passed on to a child who has the skill to run it.
  • 5. EMERGING LEADERS PROGRAM (ELP) Quarterly workshops with project Monthly progress check with GPS mentor 24/7 website access with online learning and mentor communication Cornerstone project
  • 6. WHY THE ELP? Designed for family and closely-held business Gain better understanding of self Learn proven tools and strategies to lead Draw upon experiences of mentor & peers Develop valuable network of peers Self funding
  • 7. WHATS THE NEXT STEP? Complete program application form Next workshop begins January 2012 For more information contact: Stacie Dykstra, Marketing Director Cain Ellsworth & Co., LLP P.O. Box 449 Sheldon, IA 51201 (712) 324-4614 srd@cainellsworth.com