People are the key to a successful business succession plan, but do we always pay enough attention to the human side of this critical business process?
For example, planning for a transition period should include knowing in advance:
If you find yourself in a succession planning phase without satisfactory answers to these questions, my advice would be to get the answers you want or don’t proceed. Going ahead regardless will invite unecessary stress into your life and limit the chances of your business surviving.
We help our clients work their way through the human factors.
You’ve heard the horror stories about business succession. Don’t add yours to the list!
Susan Rochester has been managing director of Balance at Work since 2006. Susan has a natural tendency to balance analytical thinking with an optimistic outlook to set direction and solve problems. She is an effective facilitator and constantly creates new and more effective ways of doing things, motivated by helping others to achieve their goals.