Every business faces transition and change, but family businesses are complex as there is the unique challenge of balancing family and business.
Respect the Past, Appreciate the Future
The sooner you begin creating an intentional culture and using strategic planning to prepare the next generation and the future of the company, the more benefits you will find.
About Our Work
Velocity respects the uniqueness of each family business and works with you to identify the ideal future for your organization and helps develop a plan that keeps the company and family values at the core. Velocity has worked with clients, each with a different dynamic, to grow family talent, determine family and business readiness for transition, and ensure your successor and leadership team are prepared for change.
Partner, Family Business Services
Bob Weinhold is the Velocity Partner overseeing the Family Business Advisory and Executive Coaching practices. Bob began working with Family-Owned businesses in 2004 as a Healthcare COO operating a large family office asset. Early in his career, he was exposed to the nuance of driving value into the business while helping families navigate transition, succession, structure, and governance. Most frequently Bob has been enrolled to develop next generation leaders prepare for succession and help senior family members transition responsibilities while mitigating risk. Bob’s keen recognition of how success is measured and what the family values most, has proven to be transformative for families with tremendous assets and responsibilities. Bob views his work with multigenerational family businesses as an incredibly important trust building relationship demanding ultimate confidentiality, while ensuring open access to be a resource in times of need.
Succession Planning Is A Necessary Business Strategy
Leadership transition leaves an organization at risk for a crisis, and family businesses are especially vulnerable. Transitioning your business to the next generation can be complex. Some owners, fearing the strain and disruption a transition may cause among family members and the business, opt to delay key succession efforts.
All family businesses, should they continue, will eventually transition to new leaders. For families wanting to maintain ownership of their family businesses, it’s even more important that next-generation leadership and succession planning begin sooner rather than later. Waiting could be detrimental to the business’s financial health and future growth.
Velocity helps family-owned businesses plan for leadership continuity through strategic planning, providing objective/thoughtful insights, facilitation, and guidance through this critical process.
How We Can Help
At Velocity we tailor make solutions to best fit your organization.
Want to create a company culture roadmap, align your executive team, or put together a strategy for the future?
Let’s start a conversation that will lead to success.