Secure Your Legacy with Expert Succession Planning

Ensuring a Seamless Transition for Tomorrow’s Leaders

Successful Succession

With decades of experience & a proven track record, our dedicated team of experts provides tailored succession planning services designed to safeguard the future of your organization. At J.F. Bicking & Co., we understand that succession planning is not just about ensuring leadership continuity; it's about cementing a legacy that stands the test of time. Successful Succession.

Succession Planning Readiness

As of recent surveys, approximately 34% of U.S. family business owners have a well-documented & communicated succession plan in place​ (GlobeNewswire)​.

Generational Business Survival

Only about 30% of family businesses survive into the second generation, and just 12% are still viable into the third generation, with a mere 3% operating into the fourth generation and beyond (Source: Family Business Alliance).

  • Businesses with clear succession plans have higher employee retention rates, as employees have greater confidence in the stability and growth prospects of the company

    (Source: Gallup).

  • Companies with a robust succession plan experience 24% higher profit margins than those without

    (Source: Boston Consulting Group).

  • Nearly 40% of businesses are at risk of disruption when a key person leaves unexpectedly

    (Source: PwC).

  • The annual CEO turnover rate stands at around 17%, indicating frequent changes in leadership that could benefit from structured succession planning

    (Source: Harvard Business Review).

  • Over 60% of small business owners are over the age of 55, emphasizing the urgent need for succession planning as a large number of business owners approach retirement

    (Source: U.S. Small Business Administration).

  • 86% of leaders believe leadership succession planning is an urgent or important priority, yet only 14% believe they do it well

    (Source: Deloitte).

  • Only 18% of successor CEOs appointed are women, highlighting a potential area for improvement in diversity and inclusion in succession strategies

    (Source: KPMG).

  • About 50% of business owners plan to retire in the next ten years, yet many have no retirement plan in place, indicating a gap in succession planning

    (Source: CNBC).

“Whether you lead a family-owned enterprise, a multinational corporation, or a dynamic startup, our strategic approach helps you to identify and cultivate the next generation of leadership, ensuring a seamless transition that aligns with your long-term business goals.”

Navigate the complexities of succession with J.F. Bicking & Co. where your future is forged with foresight and precision. Let's build a resilient foundation for the generations to come.