Succession Planning
Succession planning helps businesses prepare for a future leadership transition with a clearer plan for continuity, responsibility, and long-term stability. Whether the transition involves a family member, internal successor, or management team, succession planning helps leadership think through readiness, role changes, and how to keep the business moving forward.
Schedule a Financial Consultation
Factors That Can Affect Transition Readiness
A smooth leadership transition depends on more than identifying a successor. Businesses also need to understand whether the financial side of the company is organized, reliable, and ready to support a change in leadership or ownership.
Important factors may include:
- accuracy and consistency of financial reporting
- cash flow visibility before and after the transition
- profitability trends and margin stability
- debt, working capital, and future capital needs
- financial risks that could create disruption during the transition
- whether reporting is clear enough for family members, partners, lenders, or advisors
How Our Fractional CFO Team Helps
Our fractional CFO team works with leadership to bring more structure and financial clarity to succession planning. We help evaluate the financial side of transition decisions, organize the information needed for planning, identify areas that may need attention before ownership or leadership changes occur, and support financial readiness, reporting, risk review, and planning discussions around different transition paths.
This gives owners, partners, family members, and advisors a clearer view of the company’s financial position, potential risks, and continuity needs so transition planning is more informed and organized.
Keeping the Business Stable Through Change
The hardest part of succession is often what happens after the plan is announced. Employees, family members, partners, lenders, and leadership teams may all need confidence that the business can continue operating without disruption.
PHG helps businesses maintain financial clarity during periods of transition so leadership can communicate more confidently, monitor performance, and keep decisions grounded in accurate financial information as responsibilities shift.
More Ways Our CFO Team Supports Your Business
More Ways Our CFO Team Supports Your Business
Strategic Financial Planning
KPI
Tracking
What-If Scenario Analysis
Clients We Serve
We work with businesses across a range of industries. The examples below reflect some of the clients we commonly serve.
Law Firms
Restoration Companies
Pest Control Companies
Medical Spas
Roofing Contractors
Dental Practices
HVAC Companies
Foundation Repair
Youth Sports Organizations
Plumbing Contractors
Testimonials
“We have dealt with 2 fractional CFOs and 4 bookkeepers before we found PHG. PHG came in and did what others couldn’t. We actually know our numbers and have infrastructure in place to make sure our numbers are accurate.”
Sam Allsop
Neil Roofing
“PHG has been incredible to work with. Their team is patient, informative, knowledgeable, and easy to work with. PHG has helped us gain a clearer view of our financials and provided valuable guidance as we approach a potential sale. I would highly recommend working with PHG.”
Joey Bryant
SWORD Roofing
“PHG has helped us understand our own numbers in a way we hadn’t been able to before. They have enhanced our bookkeeping, expanded our reporting capabilities, and even assessed our marketing strategies. The PHG team is incredibly knowledgeable across many fields, and has been responsive, accessible, and highly effective as a partner. Working with PHG has been a great experience one that we would definitely recommend!”
Megan DuVarney
Grey Gold Concrete
“PHG has transformed our bookkeeping by turning it into a tool used to monitor and steer the business. Instead of only using Quickbooks for tax filing, we now have the visibility and confidence in the numbers to uncover new opportunities and best position Amped for future growth. Outside of visibility and insightful financial reviews, PHG has assisted with the developing the compensation structure of our sales team, budget development, quoting best practices etc.. They have been great partners.”
Trey Flake
Amped Security
“PHG has completely transformed the financial side of our roofing company in Florida. With multiple locations, we struggled with our finances until we started working with them. Their fractional CFO services have been incredibly valuable, offering strategic insights and financial leadership without the need for a full-time CFO.”
Ryan McPherson
Quality Roofing
“PHG cleaned up my books and took over the day to day bookkeeping / financial management, so I could focus on running the business. Their support provided more visibility into the financial performance of my business than I have had in years. They are a key part of my business and always available to help.”
Donald Young
Central Florida Garage
“I engaged PHG’s Fractional CFO group to organize my financials and data in preparation for a potential sale. Their team expertly positioned my business to maximize its value. When the time was right, PHG’s Buyside M&A Team connected me with an excellent partner and secured a fantastic deal, saving me from paying a sell-side broker fee. PHG provided guidance and support from start to finish, and I would strongly recommend that any strategic-minded business owner consider speaking with them.”
Chad Hale
Hale’s Roofing
FAQs
What does succession planning involve?
When should a business begin planning for transition?
Is succession planning only relevant for businesses preparing for a sale?
Can a fractional CFO help with succession planning?
Schedule a Conversation
If your business needs support preparing for a future leadership or ownership transition, our fractional CFO team can help. Contact us to discuss your goals and how succession planning support can help you prepare more effectively.