Tour

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Easy To Use

• The advisor sends TransitionPrep.com (via the web form located here) the Name and Email of the client they would like to complete the TPA.
• Within 1 to 2 business days, the Transition Preparation Assessment team will send out a TPA email with instructions and a link to the business owner (the advisor will be copied on this email).
• The business owner clicks on the link and follows the instructions to complete the convenient 15-25 minute assessment in the privacy of their own home or office.
• The fully compiled and analyzed report is emailed to the advisor who submitted the request.
• The advisor can review the information with a client to supplement their own services and products.
• If additional resources are required, Transition Preparation can offer a list of service providers who can support the entire family business system.

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The TPA consists of 48 questions that are asked in multiple formats to provide richer data and allows for a more informative report. The questions cover the following domains and subscales:

• Family Domain
• Ownership Domain
• Business Domain
• Business Demographics
• Strategic Transitions
• Next Generation
• Harmony
• Legacy
• Roles
• Documentation
• Aspirations

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Why the “stages of change” can be a useful model for advisors working with family owned-privately held businesses?

• Acts as a guide to generate important discussions that can lead to greater trust and less conflict among ownership groups.
• Identifies potential issues around change before they become problems or significant conflicts.
• Creates a picture of possible outcomes if issues are not addressed proactively and strategically.
• Can act as a tool to develop deeper relationships between the Trusted Advisor and the next generation of ownership.
• Is a low-risk method for Trusted Advisors to determine client’s willingness to change and address and plan for transition.
• Allows Trusted Advisor to identify key products or services to address earlier stages in change process.
• Advisors will get an idea of where their client is on the stages of change model seen here…

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Report delivery that protects confidentiality and respects trusted advisor relationships

• After your client completes the on-line questionnaire, the TPA report will be sent to THE TRUSTED ADVISOR or Owner (if preferred). Information included in the report is written in a way that the business owner can interpret and apply.

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