Transitions, especially those in family businesses, are about understanding personal and corporate needs and dealing with both the soft (emotional) and hard (decision making) elements. At TruNorth, our work focuses on two aspects: 1) actively engaging in evaluating, aligning, and developing current and next generation leaders, and 2) preparing businesses for a healthy family business transition. Our tools provide us with clarity on ideal successor candidates, integration strategies, and tactical implementation. We are also great facilitators of financial transactions for the retiring business owner.
‘True North’, often associated with Polaris, is the star at the end of the big-dipper that never changes position in the sky and is critical in celestial navigation. Like Polaris, TruNorth Partners is a trusted way to navigate to your desired destination.
In transition? Struggling to create a clear path forward? Unsure of your next steps to take? TruNorth Partners specializes in helping companies discover where they are today, where they want to go, and develop a plan to get there. At TruNorth Partners, we help companies like yours find their way.
Family Business Transitions & Transactions
Creating a Clear Path Forward
Succession Planning, Review & Leadership Development
Identifying Ideal Candidates to Steward Your Business
As the workforce ages, succession planning becomes even more critical. Within the next 10 years as much as 50% of all family businesses will go through transition. TruNorth Partners has developed a process to make family business transitions smoother and more reliable. By beginning with successor evaluations, moving through organizational alignment, into leadership development, and finally concluding with new leadership direction and vision, we help provide retiring owners with the confidence that their business will be in good hands.
Designing a Successful Destination By Examining Your Starting Point
We believe that you have to know where you are going and to know where you currently are, in order to identify and address the obstacles keeping you from getting to your desired destination. Our job is to thoroughly evaluate the current state of your business and its leaders by identifying strengths, weaknesses, and opportunities. Only once we understand these aspects can we implement actions that achieve your goals and fulfill your vision. Through our business coaching and assessments, you’ll gain powerful and important objective information that clearly outlines the critical initiatives needed in the short and long-term.
Powering Individuals to Perform
By partnering with TruNorth through executive coaching, you can power your organization with effective and impactful leadership. We’ll work together to optimize personal performance with individualized processes and methods that match your organizational needs.
WHAT OUR CLIENTS SAY
“Their expertise in succession review, board governance, and leadership development has been exceptional. They were instrumental in improving relations with family and an independent Board. They are a great group of professionals that really listen and use their expertise to help achieve your goals. They are candid, honest and have tireless integrity.”
Strategy and Planning
Creating Effective Roadmaps
Using our 30+ years of business leadership experience, TruNorth helps clarify the future of your organization and identifies the roadmap of success for your company. We focus on the organization as a whole, along with its leaders and individual team members. Our years of experience and expertise means our planning and strategies are precise and effective. We not only facilitate planning retreats, we ensure that initiatives turn into actionable business plans, key metrics, and successful strategies for sustainable growth and profitability. Most importantly, we help guide your team to full and effective implementation.
Optimizing Business Performance
Designing and Building a Highly Functional Organization
All too often, business owners get so focused on the people, they don’t take time to evaluate and improve the business itself. Our business resources, tools, and systems are broad and deep—assuring business health and sustainability. Our comprehensive approach looks at your people, market focus, purpose and vision, strategies, processes and systems, plans, resources, and your follow through. It’s our job to help you see what you may not see, and to help you do what you may not currently do.
Designing, Building, and Sustaining A “Best Place To Work”
TruNorth Partners works together with your staff to establish and align your organization’s culture to bring about the changes that lead to effective outcomes. Culture is not only a corporate-wide characteristic, but a team and individual one as well. Making sure that these three layers are in alignment deeply impacts the commitment, engagement, motivation, and ultimately, success of your company.
Tuning the Engine that Drives Your Revenue
Identifying and resolving revenue deficiencies and optimizing opportunities is the key to successfully growing your business. As you know, revenue generation is the lifeblood of any organization. We focus on strategic and tactical implementation with hands-on decision making to turn sagging revenue into significant growth. The outcomes are substantial, efficient, and effective.
WHAT OUR CLIENTS SAY
“Greatly appreciate the experience, expertise, forward thinking and outstanding personal style to help our son with the business skills, planning and goal setting to continue the business success and to transition leadership.”