Successful Succession Planning

Only 28% of family businesses have a succession plan


Small business owners are vital to our economy. They create jobs, innovate, add value to their communities, and turn their passion and dedication into financial success. Sometimes the time and effort needed to grow the business and meet the day-to-day challenges means a longer-term transition strategy is never fully developed.


A large portion – if not all – of a business owner’s assets are tied to the equity of the company. There is a lot of value that needs to be unlocked when a founder decides to retire, or at least wants a liquidity event. Luckily, there are plenty of options available depending on what an owner wants. However, there are plenty of complexities as well.


Realizing the best possible outcome in a transition requires careful planning and should begin well in advance. No matter the course, a financial advisor should be included in the conversation.


Having a plan in place prior to a succession or liquidity event increases the probability of a successful transition. Check out this video from our partners at eMoney to get you started.


This content was created by a third party. All opinions, comments, conclusions are of the author and not Jackson Creek Investment Advisors LLC. The information published herein is provided for informational purposes only and does not constitute an offer of investment advisory services. All information is subject to change without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit to your risk and return preferences. Investment recommendations may change, and readers are urged to check with their investment advisors before making any investment decisions. Information provided is obtained from sources believed to be reliable, but we cannot attest to its accuracy. Past performance is not necessarily indicative of future returns. Investment advisory services are offered through Jackson Creek Investment Advisors LLC, a Registered Investment Adviser.

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