Succession Planning Mistake Number 5- Do not communicate with key persons the projects/problems that the current Owner/President is working on so that key persons know what to do if the Owner/President becomes disabled or dies.
Has the Owner/President documented important projects that are being worked on currently?
Has the owner president documented projects that are planned for the near future so that the new president could implement the plans in the future?
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 the Owner/President should document current and future important projects for the new President to implement 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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