Succession Planning Mistake Number 2 - Do not identify key responsibilities for all key employees and for the person who will become President upon the Owner's death or disability.
Have you identified what new responsibilities you would expect key persons to assume if the Owner became disabled or died?
Have you identified what specific duties and responsibilities you would want the new President to assume in the event of the Owner's disability or death?
Click on the video from the February 2nd, 2017, Succession Planning Workshop attached to find out how to protect your business in the event of the Owner's disability or death. Find out how to delegate new duties and responsibilities to key persons and the new President if that happened.
To find out more about all of the top 10 succession planning mistakes made by business owners, go to Heschlaw.com. You can watch a video of Bill discussing the ten mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office.
Succession planning is complicated. Are you getting all of your succession planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion.
Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away.
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