When you think about your business and all of the daily, monthly, and annual tasks you have to complete, your succession plan may be one of the last things on your mind. This should not be the case.
Proper succession planning is not only the key to the future of your business, but also your personal future. If you are fortunate enough to have a family member or key employee who would like to step into a leadership role as you look to retire, you have a head start on your succession planning. If you don’t, don’t worry. You have other options.
It will take years to get things in order, so planning ahead is important. Here is some general information to help you on your journey:
Your business has been your life’s work. Planning for its future success should be a priority. Check out these additional resources to guide you through your succession planning process: