Your plan for the future begins in the present.
After building and growing a business, the last thing you want is to transfer control without a plan. You need to determine who should run your business, how family stays involved, and how successors are trained – not to mention how and when to step away.
Succession planning is a process. In many ways, it’s a lifelong process. And it can never begin too soon.
Without a plan, you might have little security for retirement. With a plan, you can know when it makes sense to retire and feel confident that your business is in the best hands.
Build a succession plan that meets your unique objectives.
Every plan is unique. Depending on your needs, a plan might include key trait inventories, change management, restructuring plans, and mission statement creation.
Rest easy. You’re planning ahead.
The sooner you begin, the sooner you feel secure. Long-term succession planning can address profitability, work styles, key individuals, and anticipated departure schedules.