If the answer to any of these questions is “no”, you need to set aside time to work on all of them. Without a clear vision and a means to get there, you will struggle.
I see too many business owners heavily involved in the day to day operations that they forget their role in the company. When this happens, goals aren’t achieved, frustration levels elevate and job satisfaction suffers.
If you are looking for an accountability partner, I am happy to schedule a time to speak with you. That’s what we do! We help business owners stay on track and accountable.
I look forward to hearing from you.
Why Every Small Business Owner Needs to Start Their Succession Planning Now
As business owners approach retirement age, it’s never too soon to outline a succession plan. But retirement is far from the only force pushing proprietors out of ownership. Unexpected life events can happen at any age, and a succession plan ensures the right people inherit the business, operations continue to run smoothly and owners are able to exit under fair circumstances.
In other words, proper succession planning is an absolute must and should begin on day one of ownership, if not before.