Advent Services

“Advent works with leaders and members of their teams to help them recognize the importance of who and what comes next, to formulate their strategic intent and to help implement succession initiatives – including funding.”

John J Reddish, CMC, founder

One key issue for you as an owner or a manager is succession. We help you create a strong succession plan that will protect current and future leaders, and promote organizational continuity.

• Our Ownership Succession Programs helps you value, plan and transition your company when and how you want. Combining business strategy with estate planning, tax considerations and any financial challenges particular to your situation, we help you forge and implement a plan that works for you, your stakeholders and/or family.
• Our Leadership Succession Programs helps you strengthen your team and your organization. Focusing on the steps in “the life of a job,” we work with you to identify the key issues, success factors and implementation strategies needed for an effective transition.

Consulting Programs

view Advent’s Performance Warranty

The Legacy Plan -- If you plan to sell your business soon, or within the next five years, you should consider Advent's Legacy Planning process. The Legacy Plan lets you better decide when, to whom, how, why and for how much to sell your business. We work with you to craft the strategic business decisions needed each step of the way. This includes working with your accountant, your attorney and your financial planner to incorporate their expertise, making the plan complete. It's all about creating more of options for you -- options you won't get if you merely hang out a For Sale sign.

The Valuation -- You need to have solid information on the worth of your business long before you even begin to think about a transition. Each valuation we prepare includes a variety of valuation approaches, including: discounted cash flow, comparable sales (if available), asset-based and valuation model approaches. We give you the hard facts you need to approach potential buyers, whether they are strategic or economic buyers.

The Transaction And the Transition -- Advent will work with you and your buyer to structure both the financial package and the transition arrangement best suited to each situation. The flexible nature of our approach helps both buyer and seller gain maximum benefit from the changeover.

The Management Resource Plan -- Every job vacancy, job creation and/or restructuring creates a succession event. Those who have established a strategic plan, or even a contingency plan, are prepared. For everyone else, it’s crisis management time. Because no two people are alike, changing even one skills-set within a team, or creating a new team, presents a unique opportunity to make the new grouping even more effective than its predecessor. Using Advent's unique, Life of A Job design approach, maximum insight and planning potential are incorporated into the new team’s dynamic. This program also helps you identify key people needs, including assessment of your existing talent pool.

Pre-Succession Services

Strategic Planning (Intent) – Advent's exclusive process logic focuses on helping you establish realistic individual and organizational goals that enable you to establish a firm strategic intent.

The Performance Review – Identifies the management status of your organization from 8 key result areas [Sales & Marketing, Finance, Production/Service Delivery, Information Technology, Research & Development/New Product Development, Human Resources, Administration and Organizational Continuity/Succession] at a given point in time.

Team-Building with the MBTI – The Myers-Briggs Type Indicator has long been the psychological tool of choice for management team-building. You can find out more about yourself, your team and your potential from this test, and its associated training than from virtually any other testing approach. The test may also be used to help in the selection process.

For more information about Advent’s Succession Services, call 1.800.726.7985.