When it comes to the aspect itself of getting succession planning under control there has been some recent particular insight that has been given into the aspect of just how to get succession planning under control in general. In more detail to this aspect in particular you should select and focus on the five key initiatives for the next three months.
Key Takeaways:
- Succession planning will help you keep focused on identifying key value drivers to maximise your business investment and effectively manage risks, weaknesses or threats.
- It’s a strategic process that allows you to transition your equity ownership by way of whole or part-sale to fund your ongoing income during retirement.
- Succession planning should not be separate from business planning.
“Take charge of your business to ensure it’s well positioned for the road ahead. Select and focus on five key initiatives for the next three months, and measure the benefits achieved and prepare for your next strategic planning cycle.”
https://insidesmallbusiness.com.au/planning-management/how-to-get-succession-planning-under-control
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