Succession Planning Mistake Number 4- Do not provide development training for key employees to take on new roles and responsibilities if the Owner/President becomes disabled or dies.
Have you identified the development training that your company's new President needs in order to effectively run the company on the Owners/President's disability or death?
Have you identified the development training that the person would need in order to take over the management responsibilities that the new President is currently is doing?
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 what development training is needed for the new President and other key persons who will be taking on new roles in the event of the Owner/President's disability or death.
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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