Research Reports

As the largest generation of Americans moves closer to retirement, the design industry will not be immune to the impact of this exodus of talent — and must make the necessary plans to be prepared for succession.

The latest edition of this top-selling IOMA Research Report gives you specific steps to follow, whether you are commencing, reviewing, or updating your transition plan.

You’ll begin with a detailed to-do list of critical initial considerations:

• Start the research on your transition options: sale, merger, growth from within and employee stock ownership (ESOP)
• Sit down with your firm’s professional partners, attorney and accountant to discuss your legal and tax options and implications.
• Commit your ideas and plans to writing

You’ll also get the data, case studies, and specific steps to consider when answering 3 key questions: 1) Have you hired the quality of people you need, and trained and mentored them to take over? 2) Should you form a succession planning committee? If so, who should serve on it? 3) What are other firms your size doing to address this issue?

Then, step-by-step, you’ll go through the process of how to begin planning for your firm’s future, how to prepare and execute transfer of ownership, what key issues exist in establishing finance and corporate structures, and, finally, how to best manage the transition itself—with data and analysis based on survey responses and over 50 charts and tables.

Here's just a small sampling of what you'll find:

• Reasons to sell your firm & what to do before you take the leap

• How to plan ahead for ownership transfer: Issues in internal transition or external sale

• How best to get the word out in a leadership or ownership transition

• 8 ways to grow leaders and shore up succession plans

• What partners can do to make training workable and profitable

• Are your company governance & succession rights up to date?

• How to keep turnover to a minimum and win the war for talent

• Going, going, gone: Keeping the experienced generation

• What is your firm worth? A valuation guide for A/E firms

• The 3 deadly sins in a family business

• 9 ways to simplify leadership changeover

• Ownership: 8 keys to a painless transition

• And much more

In addition, the Report contains 6 case studies based on interviews of firms with transition experience.

No-Risk Web Offer: You get IOMA's Ironclad 100% Money-Back Guarantee: if you're dissatisfied with your print report for any reason, return it within 30 days and you'll receive a full refund — with no questions asked. (Sorry, IOMA cannot grant refunds on electronic purchases.)

To review this report's Table of Contents, click here.