Sapphire Consulting—Amherst, NH

“Jim has an impressive breadth of knowledge. His experience in so many areas gives him the flexibility to really respond to a client’s needs. He is very good at tailoring his services to the needs of the individual company.”

– Tim Sullivan
VP of Administration
Hitchiner Manufacturing

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Family Business Succession Planning

A report in the Wall Street Journal noted that about 39% of the respondents to the 2003 American Family Business Survey said their family companies will change leadership within the next few years when their chief executives retire or semi-retire - but more than half those respondents said they hadn't chosen a successor. Family business adviser Len Green told the Journal that there is a psychological barrier to succession planning - creating a plan means the CEOs must admit they will lose power and that a new leader will change the business. Many consultants recommend beginning the exit-planning process five years in advance, the article said. Calculating the leader's financial needs will help determine whether it makes more sense to sell the company or transfer ownership to a family member, the report noted. (Source: Wall Street Journal, August 25, 2004.)

The Return on Investment in Coaching is 600%!

A survey of 300 companies found the top reasons to offer coaching is to:

Sharpen the leadership skills of high-potential individuals

Ensure the success, or decrease the failure rate of newly promoted managers

Provide the required management and leadership skills to technically oriented employees

Correct management behavior problems such as poor communication skills, failure to develop subordinates, or indecisiveness

Correct employee relations problems such as poor interpersonal skills, disorganization, demeaning or arrogant behavior

And they found that the return on investment for coaching was $6.00 for every $1.00 invested. (Manchester, Inc.)

Among the benefits to companies, executives reported improvements of 53% in productivity, 48% in quality, 48% in organizational strength, 39% in customer service. (Business Wire Magazine January 4, 2001)

Sapphire Consulting, LLC.
P.O. Box 850 Amherst, NH 03031
603-889-1099

Resources

Recent Published Articles written by Jim Kimberly, founder of Sapphire Consulting, have appeared in:

Other Articles Available

The Return on Investment in Coaching is 600%!






	“Jim has an impressive breadth of knowledge. His experience in so many areas gives him the flexibility to really respond to a client’s needs. He is very good at tailoring his services to the needs of the individual company.” – Tim Sullivan VP of Administration Hitchiner Manufacturing > read more.		Resources Recent Published Articles written by Jim Kimberly, founder of Sapphire Consulting, have appeared in: Business NH Magazine May 2006 "We're doing it this way now. Didn't you get the memo?" Business NH Magazine May 2008 "Crossing the Generational Divide" > Download the article NH Bar News May 2008 > "Generational Differences Between Attorneys" > Download Part I: "Generational Diffeerences Between Attorneys" > Download part II: "How to Attract and Retain Young Attorneys" Other Articles Available > How to Fill the CEO Information Vacuum > Creating High Performance Employees: No Time to Wait! Part I > Creating High Performance Employees: No Time to Wait! Part II > Choosing an HR Option for Your Business Family Business Succession Planning A report in the Wall Street Journal noted that about 39% of the respondents to the 2003 American Family Business Survey said their family companies will change leadership within the next few years when their chief executives retire or semi-retire - but more than half those respondents said they hadn't chosen a successor. Family business adviser Len Green told the Journal that there is a psychological barrier to succession planning - creating a plan means the CEOs must admit they will lose power and that a new leader will change the business. Many consultants recommend beginning the exit-planning process five years in advance, the article said. Calculating the leader's financial needs will help determine whether it makes more sense to sell the company or transfer ownership to a family member, the report noted. (Source: Wall Street Journal, August 25, 2004.) The Return on Investment in Coaching is 600%! A survey of 300 companies found the top reasons to offer coaching is to: Sharpen the leadership skills of high-potential individuals Ensure the success, or decrease the failure rate of newly promoted managers Provide the required management and leadership skills to technically oriented employees Correct management behavior problems such as poor communication skills, failure to develop subordinates, or indecisiveness Correct employee relations problems such as poor interpersonal skills, disorganization, demeaning or arrogant behavior And they found that the return on investment for coaching was $6.00 for every $1.00 invested. (Manchester, Inc.) Among the benefits to companies, executives reported improvements of 53% in productivity, 48% in quality, 48% in organizational strength, 39% in customer service. (Business Wire Magazine January 4, 2001) Sapphire Consulting, LLC. P.O. Box 850 Amherst, NH 03031 603-889-1099 © Sapphire Consulting, LLC 2007