{"id":2042,"date":"2019-03-18T21:36:16","date_gmt":"2019-03-19T02:36:16","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/?p=2042"},"modified":"2022-07-05T17:57:07","modified_gmt":"2022-07-05T17:57:07","slug":"going-beyond-whack-a-mole-succession-planning-for-success","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/cincinnati-oh\/going-beyond-whack-a-mole-succession-planning-for-success\/","title":{"rendered":"Going Beyond Whack-A-Mole: Succession Planning for Success"},"content":{"rendered":"<p>Many of us went to fairs, arcades, and midways where games of \u201cskill\u201d &amp; chance could be played for prizes.\u00a0 Some have suspect physics (the baseball in the peach basket game comes to mind), some require a bit of skill (learning to throw the perfect curve in skee-ball is a life-accomplishment for a 12-year-old), and some simply require fast hands and eyes, which is the epitome of the game Whack-A-Mole.<\/p>\n<p>Whack-A-Mole is simple; hold a cloth covered mallet and watch the game pop up a metal \u201cmole\u201d through a hole.\u00a0 As it comes up, you whack it back down.\u00a0 The game goes faster and faster until time runs out.\u00a0 In the later stages of the game it is practically impossible to whack all the moles. This is the day to day reality for many business owners.<\/p>\n<p>In Whack-A-Mole Management Mode, behavior is completely reactionary. No action is taken until the mole raises its head. The business owner is stuck dealing with issue after issue, not proactively planning and growing the business.\u00a0 It\u2019s survival mode at its finest.<\/p>\n<p>That\u2019s where a talented Business Advisor can be a vital partner to break the cycle.\u00a0 Business Advisors help an owner think beyond the day to day and make plans that will allow a business to thrive in the next generation and beyond.\u00a0 Three key areas where a Business Advisor can assist are:<\/p>\n<ul>\n<li><strong>Succession Planning: <\/strong>Seeing a business grow and continue beyond its founder is a unique challenge that is full of pitfalls, blind spots and emotion. Partnering with a Business Advisor insures that details won\u2019t get lost in the day to day work.<\/li>\n<li><strong>Selling a Business:<\/strong> Retirement, relocation, or simply being ready for a change are all reasons to move on. Getting the best value and finding the right person to take over is key to feeling like the transition was successful for you and for the buyer.<\/li>\n<li><strong>Buying a Business: <\/strong>Growing your business through acquisition is a key strategy, but it takes effort and energy. Finding opportunities, investigating their viability, and understanding their overall fit with your goals takes time.\u00a0 Time that someone caught in Whack-A-Mole Management Mode can ill afford to give.<\/li>\n<\/ul>\n<p>Balancing the day to day decisions with forward planning is the unique challenge of the business owner.\u00a0 Too much Whack-A-Mole and the business owner is at the mercy of the market.\u00a0 A partnership with a trusted Business Advisor can make all the difference.<\/p>\n<p>Contact us at <u>cincinnati@sunbeltnetwork.com<\/u>.\u00a0 Let\u2019s start planning today!<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many of us went to fairs, arcades, and midways where games of \u201cskill\u201d &amp; chance could be played for prizes.\u00a0 Some have suspect physics (the baseball in the peach basket game comes to mind), some require a bit of skill (learning to throw the perfect curve in skee-ball is a life-accomplishment for a 12-year-old), and [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":11700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[21,17,2],"tags":[],"class_list":["post-2042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exit-strategy-planning","category-general","category-selling-a-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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