A Note From Rene’
As we near the end of 2020 (thank goodness), it seems like an appropriate time to think about long term planning. Do you have a succession plan in place? Do you understand the importance of having one? The following article does a good job of covering the basics of why you need one. Your team and your family are counting on you to take care of them after you’re gone, so don’t overlook putting a plan in place.
As always, let me know if I can be of any assistance.
Stay safe, stay healthy, be grateful!
Key Steps in Navigating the Succession Planning Process
Most successful businesses are aware of the importance of succession planning – the process of identifying influential positions within an organization, then training existing employees or new candidates to ensure those roles do not go unfilled. A succession plan typically focuses on high-level positions that, if left open, would adversely affect the company’s profitability and success. Taking into consideration the number of choices, opportunities and even misfortunes that can affect one’s career, it becomes essential to prepare for a leader’s sudden or unexpected departure with a proper succession plan.