Roscoe Blog

Leadership Planning for Family-Owned Success

Leadership Planning for Family-Owned Success

Succession planning is a core part of any strong business strategy. For a family-owned business, it’s not just important – it’s central to the process of growing and sustaining a thriving company.

A recent report from PricewaterhouseCoopers found that nearly 44% of family owned businesses consider succession planning a challenge they will face over the next five years, yet just 23% of these companies have a “…robust, documented succession plan in place.”

At Roscoe, succession planning is woven into our business strategy and plays a key role in the efforts by which we've been able to grow our business and provide our customers with consistently high-quality service.

Succession, after all, is about ensuring the continuity of leadership and values that drive success.

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The Chicago Uniform Company Readies Their "Bench" – Succession Planning Series

Your leadership team is one of your most important resources and it is vital to the long term health of your organization to maintain a strong "bench." A bench in a sports related context is used to describe the players who are not starters, but fill important gaps in your line up – they may also be your future starters.  text

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