Legacy STEP (Successful Transition of Equity Program)...
LEGACY STEP makes available to owners and key stakeholders a comprehensive approach for achieving their goals and objectives as they look forward to the successful transition of their ownership interests while still actively involved in the company.
Owners are in the business of building businesses, not exiting them. A transition strategy is not the same as a sale of a business! Since owners' personal motives and goals are the foundation for creating and building the business then it stands to reason that a transition strategy should account for meeting the personal, financial and organizational goals of owners and their ownership stakeholders.
Transition Equity planning is a process for transferring ownership of a business from one owner to another. The new owner may be a family member, key employee, group of employees or a completely unrelated third party.
The LEGACYSTEP empowers owners to transition their business on their terms; when they want, to the new owners they want, with the financial viability they need coupled with a significantly better positioned and operating company.
As executive leaders influence change in the stakeholders around them, they are creating a Legacy.
Legacy STEP coaching is a custom designed and personalized set of conversations intended to promote guidance for executives on how to build a successful personal and organizational legacy.
These coaching conversations are modeled on the six learning modules from a course offered at the Harvard Business School based on the book "Your Leadership Legacy: Why Looking Forward Will Make You a Better Leader Today", by Robert M Galford and Regina Fazio Maruca.
Additionally resources include materials presented in the following two influential books:
> "Total Leadership: Be a Better Leader, Have a Richer Life" - Stewart D. Friedman: Harvard Business Press
> "True North: Discover your Authentic Leadership" - Bill George: John Wiley - Warren Bennis Signature Series
WHY LEGACY STEP COACHING?...
Key benefits of the Legacy STEP coaching program for owners, stakeholders and the company are numerous and include:
√ Creates a legacy that will outlive individual ownership, √ Creates a blueprint for the business where owners live to be the beneficiaries, √ Creates an organization that protects and expands the business impact, √ Creates a pathway for key stakeholders to develop their management and leadership capabilities, √ Creates a model for maximizing business value, √ Creates a legacy of success coupled with a reputation for making the last step in exiting the business the smartest move of an owners career, and √ Creates a way for owners to receive proper recognition for their hard work and business acumen.
WithLEGACY STEP coaching, owners and the business are better positioned to move forward!
As a direct result of LEGACY STEP coaching the value of the business has been greatly expanded and the organizations capacity to grow and develop has been enhanced.