 Succession planning is a complex process involving many business disciplines. This eight part series is designed to help business owners manage an orderly transition of the management and ownership of their companies.
This first part of the series looks at what a succession plan is as well as the importance of goal-setting and understanding stakeholder concerns. This document is designed to help business owners manage an orderly transition of the management and ownership of their companies, through a comprehensive and strategic approach to the process. With substantial wealth transfers anticipated over the next 10 to 15 years, the key to long-term survival for companies affected by these transfers will be a clear and early focus on the importance of strategic succession planning.
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