Succession Planning Toolkit Excerpt
Succession Planning
Succession Planning involves a lot of things, particularly in the aspects of legal and financial issues. But have you considered the people aspects associated with succession? This guide is meant to help you start thinking about who will be involved in your succession plan and how to make sure the transition is positive and preserves your legacy. Let’s start with some questions to determine how ready you are.
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Success is the enemy of change. Change agents, typically considered to be outsiders and upstarts, bring new ideas to the table which can take an industry back to zero. Those who were successful under the old rules do not even recognize the rules have been changed. Because they have no preconceptions of what a “watch” should look like, change agents have the advantage.
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