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Scorecard Succession Practices
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Quick Audit - How prepared are you for change in ownership control ?

Take our Quick Audit to see how your succession practices stack – up

1 Do you expect to retire or exit from your business in:


More than 5 years
Less than 5 years
 
2. Strategic plan is prepared and has been shared with the family
  Yes No
 
 
3. Financial plan is in place (for at least 8 years out)
  Yes No
 
 
4. Estate plans are in place for all owners
  Yes No
 
 
5. Tax plans have been reviewed in the last 3 years
  Yes No
 
 
6. Shareholder agreements are signed and actionable
  Yes No
 
 
7. In the last year, we’ve had lengthy family discussions about the future
  Yes No
 
 
8. Roles of key owners and business leaders for the transition have been disclosed
  Yes No
 
 
9. A formal succession timeline has been agreed upon
  Yes No
 
 
10. A board of directors/advisors or family council is in place
  Yes No
 
 
11. Outside board members are participating actively
  Yes No
 
 
12. Family continuity plans are in place, defining family business policies
  Yes No
 
 
13. Team of family business advisors is active
  Yes No
 
 
14. Roles, policies and ownership interests for non-family spouses exist
  Yes No
 
 
15. Qualified successor has been chosen and is ready to assume the role
  Yes No
 
 
  Building stronger family businesses™  
 
Scion Knowledge Base
 
How prepared are you?

02/05/2008
New Report: Ownership Transitions in the Wine Industry
Rob McMillan, SVB Silicon Valley Bank Wine Division and Deborah Steinthal, Scion Advisors
06/20/2008
How to prepare your winery for sale: 5 steps to build a brand that’s worth more and avoid being a fire sale!
Ellen Hunt, Partner, Scion Advisors
12/01/2008
How family businesses can succeed in a proliferated wine marketplace.
Deborah Steinthal, Founding Partner, Scion Advisors, in conversation with Michael Mondavi, Folio Wine Partners, Founder and Coach

 

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