Your Leadership Succession Plan For Business Legacy
Owning Your Life After The Sales
Hi, I'm Annette Manias
I served as the President and CEO of Oasis Solutions, a leading provider of business software solutions and professional services since May 1991. Watch my video below to learn how to master your own business succession.
Does this sound like you?
Are you a business owner who has poured your heart and soul into building a successful enterprise?
Have you reached a point where you're contemplating the next chapter, including succession planning and the eventual sale of your business?
Do you find yourself grappling with questions about what comes next after you've signed the paperwork?
Perhaps you're concerned about maintaining your legacy, ensuring a smooth transition for your team, and securing your financial future beyond the sale.
You might be seeking guidance on how to navigate this pivotal moment with confidence and clarity, eager to embrace new opportunities and reclaim ownership of your life post-sale.
If any of this resonates with you, our course, Strategic Business Transition: From paperwork to Exit is designed to support you every step of the way.
Discover how you can take charge of your destiny, preserve your legacy, and embark on the next exciting chapter of your journey with confidence and purpose.
Putting the “SUCCESS” into Your Business
Succession Plan
Why Do I Need a Succession Plan?
As a business owner, have you ever found yourself lying awake at night, worrying about the future of your company?
Do you feel that you’reBurned out?
Unable to take a break?
Missing out on the activities you once loved, like golf, tennis, or vacations?
Do you struggle to find quality time for your family, spouse, kids, or grandkids?
Do you want your business to be your legacy?
Do you hope that your business will succeed, even when you’re not at the helm?
Do you care about your employees and their future?
If you answered yes to any of these questions, know you’re not alone, and I’ve been there, too!
If you're tired of carrying the heavy burden of running your business on your shoulders alone, it's time to consider a succession plan.
What is a Succession Plan?
A succession plan is a strategic roadmap that ensures your business continues to thrive even when you're not at the helm. It prepares your company for a seamless transition of leadership, whether you're stepping down, retiring, or facing unexpected circumstances. By identifying and developing potential leaders of your company, you can safeguard the future of your business and maintain its success.
Where Do I Start?
Two-thirds of people don’t consider a succession plan until something drastic happens. That fact that you’re here right now means you’re ahead of the curve!
Creating a succession plan might seem daunting, but it's crucial for your peace of mind and the longevity of your business and your legacy. That's why I’ve designed a comprehensive course to guide you through every step of the process.
More About Me...
I served in every function of the company, first as the inaugural customer service/implementation consultant, then in a sales and marketing capacity.
Under my leadership, Oasis’s footprint has expanded to 15 states, including the purchase of several Sage partners. In June 2014, I led Oasis into the cloud software space by adding NetSuite and Adaptive Insights to the Oasis portfolio of products.
My final function with Oasis was steering the business through a successful ownership transition. My passion for helping clients achieve their business goals has translated into creating a course to help other business owners understand the process from price to exit.
There are many things that need to be considered after you determine the valuation(price):
Who will buy the business?
What is the culture of the business?
How will you navigate the transition in leadership?
If selling internally or to family, how to train them to be leaders.
My goal in selling my business, was to build a solid foundation and leave a lasting legacy. Your legacy is not just the business you've built, but the leaders you've developed.
I have also become certified on Emotional Intelligence. My plan is to conduct awareness about Emotional Intelligence with leader training classes. Emotional Intelligence is one of the most important pieces of leadership. I am also the Chair of the HR committee and the Business Gifts Committee as well as Board Member for The Home of the Innocents, one of the biggest non-profits in Kentucky In my spare time, I play tennis, pickleball and enjoy boating and travelling. My husband and I have purchased an interest in
4 race horses.
We are in Kentucky, you know!
Training Programs
Strategic Business Transition: From paperwork to exit
Selling your business? I'll walk you through how to retain your legacy
Emotional Intelligence Training - Digital Program
Discovering how to lead your team to be the best version of themselves.
Strategic Business Transition: From Paperwork to Exit + Emotional Intelligence Assessment
Master leadership transitions + enhance emotional intelligence including an assessment.
Frequently Asked Questions
Why should I consider transitioning my business?
Transitioning your business can help you adapt to changing market conditions, stay competitive, and seize new opportunities for growth.
What are the common challenges faced during a business transition?
Common challenges include resistance to change, financial constraints, employee morale issues, and maintaining customer relationships.
How can I create a successful transition plan for my business?
To create a successful transition plan, you should assess your current situation, set clear goals, communicate effectively with stakeholders, and seek expert advice if needed.
What are the key steps involved in transitioning a business?
Key steps include conducting a thorough analysis, developing a transition strategy, implementing changes gradually, and monitoring progress closely.
How can I ensure a smooth transition for my employees?
To ensure a smooth transition for your employees, involve them in the process, provide training and support, and address any concerns or uncertainties they may have.
What role does leadership play in a successful business transition?
Leadership plays a crucial role in guiding the transition process, inspiring confidence in stakeholders, and making tough decisions when necessary.
How can I measure the success of a business transition?
Success can be measured by achieving set objectives, maintaining or improving profitability, retaining key talent, and receiving positive feedback from customers and partners.
What are the main components of this course?
Coaching a business owner's successor how to lead and also assist the business owner with the transition to their 2.0 !
