Successfully Transitioning Your Practice

Fact: It takes 10 years to do succession planning right. It takes at least 5 years to do it, under pressure, with lessened chance of success.

Fact: Most design firms leave it TOO LATE.

Fact: With depressing regularity, PSMJ sees design firms with much to pass on, blow their chances of leaving a legacy. Why? Because they either waited too long, got bad advice, or both.

Ownership transition (OT) can be quite tricky. What do you do about the 30-year employee who expects to lead the firm in the future but simply does not have, and will never have, the skills to lead the firm?

Helping our valued clients on succession planning is an important part of PSMJ’s global commitment to the continuity and legacy preservation of good design practice.

Many firms transition themselves extremely well, of course. They don’t need to call for help. If your practice is in that category, WELL DONE! If you’re unsure, book a free, no obligation, confidential meeting with one of our senior consultants to discuss your transition.

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