Succession aContinuity Planning
INGENIUM assists businesses in multi-generational planning by helping them address issues related to not only the ownership succession, but management succession planning and leadership development as well.
We help business owners to create the strategy for passing leadership roles on to the next generation of employees or family members.
88% of current family business owners believe the same family or families will control their business in five years, but succession statistics undermine this belief.
Only about 30% of family businesses survive into the second generation, 11% are still viable into the third generation, and only about 4% of all family businesses operate into the fourth generation or beyond.