A management succession plan affects an entire organization. Planning a succession involves preparing, weighing options, initiating and managing change, overcoming obstacles, and performing a thorough analysis of your staff and their skills and experience. This Business Succession Planning Training Course gives you an understanding of business succession planning and skill-building methods and techniques to implement the changes smoothly and successfully with skills like conducting a SWOT analysis, drafting a succession plan, and mapping employee experience and skillsets.
Every business needs a succession plan to ensure that operations continue and clients don’t experience a service disruption. If you don’t already have a succession plan in place for your small business, this is something you should put together as soon as possible. While you may not plan to leave your business, unplanned exits happen. The closer a business owner gets to retirement age, the more urgent the need for a plan. Business owners should write a succession plan when a transfer of ownership is in sight, including when they intend to list their business for sale, retire, or transfer ownership of the business. This succession plan will ensure the business operates smoothly throughout the transition.
Furthermore, it will help participants create a plan for someone to own or run their business after they retire, become disabled, or die. In simple terms, succession planning is passing control of the company to others.
- Flexible length - sessions as short as 1-hour
- Cost effective - great group pricing
- Greatest impact in the shortest time
- Excellent Team Building Opportunity
- Certificate of Completion
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