For most family held businesses, planning for succession is the toughest and most critical challenge they can face. Yet succession planning can also be a great opportunity to maximize opportunities and create a multi-generational business that embodies the founder's mission and values long after he is gone.

According to the Family Business Institute, 88% of current family business owners believe the same family will control their businesses in 5 years, but succession statistics undermine this belief. Only about 30% of family businesses survive into the second generation, 12% are still viable into the third generation and only about 3% operate into the fourth generation or beyond. Research indicates that the failures can be traced to one factor: an unfortunate lack of family business succession planning.

FreshXperts can assist in providing specific services including the following:

• Ownership Succession Planning - Issues that seem to be most common in this area include planning in a vacuum without every family member involved, as well as getting accounting and legal advisors input.
• Management Succession Planning -This focuses on four important areas of the business including administration and finance, operations, sales and marketing.
• Leadership Development -This is critical. The next generation's training cannot be ignored and expected to learn on the job. FreshXperts can assist you in developing the right team with the right skills for future business success.

Our team of produce professionals can assist your family business with a clear and rational succession plan that is fair and transparent. This can help eliminate anxiety and bitterness that sometimes exists in the next generation.

If you would like to have more information on succession planning services from FreshXperts, please contact Tim Vaux at 559-437-9300.