Feb 14, 2024
Creating a business succession plan is a strategic imperative that ensures the longevity and success of your company.
Business succession planning is the process of identifying and preparing successors to take over business roles. This ensures that businesses continue to operate smoothly after the current key person (or people) leaves, whether due to retirement, passing away, or moving on. Effective succession planning is crucial for the longevity and stability of a business, as it addresses who will take over leadership and ownership, ensuring that the business’s vision and goals continue to thrive.