Business Services

Consulting Services

Legacy works consulting projects with businesses:

  • Ownership Succession and Business Continuity Planning
  • Company Financial Growth Planning
  • Leadership Development and Team Collaboration

Ownership Succession and Business Continuity Planning

 Every owner will exit their business – we help business owners prepare themselves and their business for this transition. The ability to plan well for and successfully manage ownership succession and business continuity events is critical to the sustainability of a business and the owner’s legacy.  Legacy helps business owners leave their company in a strong position by acknowledging potential vulnerabilities and building intentional safeguards to reduce them.

Our approach to ownership succession and business continuity planning is to design a custom plan that supports the Shareholder Win, Corporate Win, and Key-Leader Win. Learn more about the 3 Wins here.

The challenge has been that traditional financial services tend to focus exclusively on the owner without considering how company performance and employee success are also integral for owners to achieve their highest financial goals.

By defining the 3 Wins, we’ll help you build an effective transition plan that will solve for the shareholder’s goals, achieve growth targets within the business, and incent and retain your key leaders.

Company Financial Growth Planning

Businesses are always changing – there are external and internal factors that direct this change. We help businesses plan for this change. A business without a growth plan is like a boat without a rudder – lots of change, no direction. If you aim for nothing, you’ll hit it every time.

Our 3 Wins Goals Assessment process helps business owners, and their teams identify a financial vision for the business.

The assessment helps identify the following questions:

  • What is our business capable of? What should our business accomplish in the market over the next 3, 5, or 7 years?
  • What is the vision (and mission / values) of our business?
  • Are we growing in the right areas?
  • If we achieve our goals over the next 3, 5, or 7 years, what does that mean for all stakeholders?

These questions are rooted in the purpose for the business and the specific financial potential of the company to succeed within the mission and values of the owner/leaders within the company.

Once the growth goals are in place, an owner can properly measure the impact of the Shareholder Win, Company Win, and the Key-Leader Win through an annual, systematic process.

Leadership Development and Team Collaboration

Owners often suffer from the “founder’s syndrome”. Here’s what that looks like:

  • “I’m the only one who can handle that client.”
  • “No one can design that proposal like I can.”
  • “I’ve got to be in the middle of that project making sure everyone is doing their job.”
  • “If I wasn’t here, this place would fall apart.”

Now, each of these statements may be true. But this describes an owner-operator who has allowed the business to depend on their continued involvement “in the weeds”.

Team Assessment

We believe that growing businesses should have strong leadership in addition to the owner that can carry the vision of the company forward. This leadership should work as a “virtuous team” supporting each other with clearly defined individual roles in pursuit of a courageous vision shared by the team.

Strong and virtuous leadership teams are required for businesses to succeed to the next generation.