to ensure the flow of estate and your continuity enterpriseHere’s how to implement the plan. These are the measures you will need to implement to ensure a smooth and effective transition Business,
Step 1: Identify and list future goals and direction for your business.
Step 2: Choose the positions that will need to be replaced if you or the top leadership retire or die.
Step 3: Look for people who can fill these positions, whether they are family members, current employees or outside professionals.
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Step 4: Keep the documents listing the terms and conditions to be agreed by the candidates.
Step 5: Train, honor and nurture these people for their future roles.
Step 6: Run trial runs to monitor their performance and check for flaws or deficiencies.
Step 7: Manage resources, plan and prepare documents for smooth transition of people.
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Does your business need a succession plan?
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