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Every company is different and every owner is different.
Using words like "process” and "step” implies a prescribed order for your investigations.
In fact, any of a number of situations can bring you to succession planning, so you can enter the process at any "step” along the way.
Contact an attorney at CPM today for a free business succession planning checklist.
Small businesses need succession planning as much as any ASX200 company.
A skilled facilitator with a deep understanding of the dynamics of the family business can help you avoid the assumptions and miscommunications that can threaten family harmony and the long-term viability of your business.
Make Things Happen can help you set up the structures and create plans that will prepare you, your family and your business for your eventual exit.
Succession planning is the process of pinpointing key needs for leadership and intellectual talent throughout the organization over time and preparing individuals for present and future work responsibilities.
In a family business succession planning involves: …each at the individual, family and business levels.
Only when the family has developed a committed vision for its future in the business does it make sense to develop a strategic plan for the business to support the family’s goals. The owner’s vision The questions are deceptively simple but the underlying issues are many and complex.
Developing honest and realistic answers can take some doing.