FRANKIEKNOWLEDGE FAMILY BUSINESS and SUCCESSION PLANNING FRAMEWORK
The FrankieKnowledge Family Business and Succession Planning Framework provides a structured and modular approach to progressively transform the Business into a highly Reputable, Profitable and Sustainable Family Business Legacy that will last for many generations to come.
In addition, the Framework also prepares the Business Successor [for example, the children of the Business Founder] to step-by-step take over and operate the Family Business effectively and efficiently. As a Family Business and Succession Planning Consultant and Coach, one of my key priorities is to progressively nurture the Business Successor to be a visionary and competent Business Leader with the strategic and operational capabilities to innovate and sustain the Family Business.
To be very specific, the FrankieKnowledge Family Business and Succession Planning Framework consists of 15 integrated modules. It offers a clear focus and pathway for the Business Founder and Business Successor on one hand and the FrankieKnowledge Business Consulting Team on the other hand to work together effectively to systematically guide the Family Business to achieve the desired outcome. Yes. To be A Solid and Proud Family Business that is built to last.
In other words, upon the completion and implementation of the 15 modules as highlighted in the Framework, the Family Business will build a very Strong Foundation together with the required Focused Capabilities to progressively transform itself into a Reputable, Profitable and Sustainable Family Business. The Family Business transformation process is an extremely meaningful and rewarding journey
Depending on the Entry Level of the Family Business, the 15 Modules can generally be completed within 3 months to 3 years. This Framework can be effectively customized to meet the specific needs of all Family Businesses, irrespective of their size, including – 1| Micro Enterprise, 2| Small-Medium Enterprise, 3| Mid to Large Organization, 4| A Diversified Business Group or Conglomerate and 5|Public Listed Company
15 KEY FAMILY BUSINESS AND SUCCESSION PLANNING MODULES – 3 SAMPLE COPIES
Design, develop and facilitate the implementation of improved Organization Business/Management Structures, Policies and Systems, including forms, formats, checklists, questionnaires, action plans and related initiatives to address the key areas of concern. [Customized coaching sessions are carried out to further enhance the effectiveness of step 5 and step 6 of the consulting process]
Develop the required customized coaching materials, including – 1| specific guidelines or operating rules, 2| standard operating steps or procedures, 3| practical tools like forms and formats etc and 4| related implementation materials. These customized coaching materials are employed to effectively support the facilitation of the coaching sessions
Conduct the modular one-to-one or one-to-small group coaching session as planned. The key focus of the coaching session is to systematically transfer the structured knowledge and critical skills to the Business Founder, Business Successor and selected individual so that they can sustain the desired “Practices and Systems” [refer to step 5 and step 6 of the Family Business Consulting Process above] for generations to come. The fundamental Coaching Philosophy of FrankieKnowledge is – to coach the individual on how to “Fish” and not to “Fish” for the individual. In other words, to coach the Business Founder and Business Successor to build a Sustainable Family Business Legacy