L14: Succession Planning & Next Generation Development

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Overview

Succession planning is more than just about selling / leaving your company – it’s about growing the next generation of leadership and management within your organization – starting today.

A Comprehensive Succession Plan is different from an “Exit” – A succession plan transfers management responsibility and leadership and direction of the business. It is focused on continuity of the business at all levels and is a key process of a company. It may include an Exit Plan, which assumes the owner will leave, and is focused on the owner’s personal goals. It entails a detailed analysis based on the owner’s goals, and a transfer of wealth and ownership,.

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