Build a career path for your people and a succession path for yourself.
Adding people to and moving people around within the management team is a natural consequence of business development but can be disruptive. Planning ahead and documenting the planning process, makes the transition more predictable and therefore less disruptive.
Clearly a key factor of transitioning yourself out of the business relies on having strong team members to take over. This may mean bringing on additional staff, but a good succession plan will seek to promote from within where possible, rewarding loyalty and making the most of people who already know your business well.
Planning your succession and documenting said plan encourages a smooth and predictable transition. Find out how you should determine who will run your business after your exit.
What will you get from this webinar?
- A complete understanding of why composing a succession plan early is necessary
- Knowledge of the necessary components of an effective succession plan
- An understanding of how to identify and recruit suitable potential successors
Interested in offering staff a stake in your business?
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