Crothers Consulting

Succession planning in family-owned businesses is crucial to securing both legacy and longevity. Studies reveal that only 30% of these businesses survive into the second generation, with just 12% making it to the third. The solution lies in proactive planning—developing future leaders within the family or, when necessary, bringing in external leadership. It's not just about maintaining control but ensuring the business remains competitive, innovative, and resilient for generations. At Crothers HR Consulting, we specialize in creating robust succession strategies that protect your business’s future and preserve its legacy. Is your business prepared for the future? #SuccessionPlanning #Leadership #FamilyBusiness #StrategicHR #CrothersHRConsulting

Leadership transitions are inevitable, but the impact on your organization doesn't have to be negative. The key to maintaining stability, especially during unexpected departures, lies in a well-crafted succession plan. It’s not just about having a plan on paper; it’s about ensuring that the plan is actionable and ingrained in the company’s culture. By proactively identifying and developing potential leaders from within, companies can safeguard their future. This approach not only reduces risk but also strengthens employee engagement and loyalty. When employees see a clear path to advancement, their commitment to the company grows, and so does their performance. The question isn't if your organization will face a leadership transition, but when. Are you prepared? At Crothers HR Consulting, we understand the complexities of succession planning and are here to help you build a strategy that ensures continuity and success, no matter what the future holds. #SuccessionPlanning #LeadershipTransition #EmployeeEngagement #FutureLeaders

?? Don’t Miss Tomorrow’s ACG New Jersey Breakfast Meeting! ?? We’re just one day away from an insightful discussion on the often-overlooked yet critical role of HR in M&A success! Join us tomorrow morning, September 17th, at Galloping Hill Golf Course as Fred Karamanol, Founder and CEO, Kustom HR and Laura Crothers, Founder and CHRO of Crothers Consulting lead an engaging fireside chat on the power of People, Leadership, and Culture in both buy-side and sell-side M&A processes. With 70-90% of M&A deals failing to meet their goals, this is your chance to uncover the key factors that can make or break a transaction. You’ll walk away with actionable tips on HR due diligence, building a strong culture, and ensuring long-term success. ? If you’re preparing for an exit strategy or looking to ensure a smooth transaction, this is a discussion you won’t want to miss! We can’t wait to see you there! See the link below for more details and to sign up! https://lnkd.in/ea-CkHBw #ACGNJ #HRinM&A #LeadershipMatters #BusinessSuccess #MergersAndAcquisitions #NetworkingOpportunity Association for Corporate Growth (ACG)

Register now for early pricing and plan to join us at Galloping Hill Golf Club next Tuesday, Sept. 17th as we kick off the fall season with our first Breakfast Meeting featuring guest speakers Laura Crothers, Crothers Consulting, and Fred Karamanol, Kustom HR. https://conta.cc/3TnrReW #ACGNJMonthlyBreakfast #HRandtheMandAProcess #CrothersConsulting #KustomHR #LauraCrothers #FredKaramanol