Secure Your Legacy Free Business Succession Planning Checklist

A robust succession plan typically includes several key components:

• Assessment of Key Positions: Identify which roles are crucial for the ongoing success of the business and need to be filled promptly.
• Talent Identification: Spot potential successors within the organization who have the skills and potential to take on leadership roles.
• Training and Development: Outline a plan for developing the skills and competencies of identified successors to prepare them for future roles.
• Timeline for Transition: Establish a timeline for when transitions should occur and the steps involved in the process.
• Contingency Planning: Prepare for unexpected events that might necessitate an immediate transition, such as sudden illness or departure.