Sam Finally Finds Success[ion]

"I am so ready to leave this place." 

 

Sam had this same thought cross his mind every morning since his 65th birthday eight months ago.

 

His plan says he should be retired by now. His heart says the conditions aren't 'just right' yet – it's simply not the right time to turn the business over to the kids.

 

Sam had grown the family business from a few hundred thousand dollars in revenue to over $20 million since taking over after his father-in-law suffered a stroke 25 years ago. 

 

If he left, would the company continue to do well? Would it survive?

 

"It's not like Josh and Katie aren't already doing great things in the business," he thought. "Most of the growth has happened in the last five years – as they became more active leaders. Katie has the vision, and Josh has a steady command of the operations. 

 

Katie had identified several successful opportunities, one that could double revenues and triple profits over the next five years. Josh was highly skilled in turning these ideas into reality on the plant floor. They were a strong team."

 

Even with all the positives, Sam was still unsure. He wasn't confident they were on the same page regarding how to run and grow the business. This was a huge concern because he didn't want the business to affect their relationship with each other.

 

And, there was another problem – money. As the only child, Sam's wife, Suzie, inherited the business from her father when he died. For them to move on with their lives, they needed to figure out a way to monetize their interest in the business before Sam could step away from the company.

 

Sam was stuck and suffering. It was time to do something different. It was time for Clariata. 

 

Sam's advisor used Clariata's tools and methods to help him identify his concerns and options for dealing with them. 

 

They addressed issues like ensuring the business doesn't tear the family apart, how Sam can be confident his children will successfully move the business forward, and how cash flow management is needed to support future growth and the first-generation buyout. 

 

Thanks to Sam's hard work and Clariata's action-oriented tools and methods, his children will not be surprised or unprepared when Sam decides things are finally 'just right.' 

 

Thanks to the Clariata process, that time is guaranteed to come sooner rather than later, and the family will be in a much stronger position before, during, and after this transition. 

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