Succession Planning 101 - Building "Success" Into Your Succession Plan

Plan for the future of your business with this 8-page guide entitled "Succession Planning 101 - Building 'Success' Into Your Succession Plan". Sooner or later illness, death or old age will force you to either pass on your business or wind it up. But most owner managers have no succession plan in place and no plans to make one. This article walks you through the basics of succession planning. Topics include:

• events that trigger a "succession crisis",
• various succession planning options – passing the business on to family members, senior management, or outsiders,
• common mistakes and pitfalls,
• a checklist for doing it right.

Succession Planning 101 is provided in MS Word format, and is copyrighted by the author.