Succession Planning Mistake Number 6- Do not work with key persons to develop a business plan for the coming year and long-term goals for the business.
Has the Owner/President actively worked with the potential new President and other key persons to identify how they would run the company to make it more profitable in the coming year?
Has the Owner/President shared with the potential new President and other key persons what changes that the Owner/President has planned for implementation in the coming year and other long term goals?
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 get the successor President and key persons involved in the business planning process and share what changes and long-term goals are planned in the coming year and future.
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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