Succession Planning Mistake Number 7- Do not plan to make sure the business can continue its current level of profitability if the Owner/President becomes disabled or dies.
Has the Owner/President put together a revised organizational chart and plan to make sure key employees can efficiently take over control of the company in the event of the Owner/President's disability or death?
Has the Owner/President identify possible problems and a plan to address those problems in the event of the Owner/President's unexpected 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 the Owner/President should put together an organizational chart and contingency plans to identify how the company should be efficiently managed in event of the Owner/Preesident's unexpected 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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