Presented by: Ryan Barradas
Description:
In this article, Ryan Barradas discusses the five key levels of succession planning for an operating business; they are ownership, management, leadership, relationships and culture. Most business-owners feel they have accomplished succession planning if they have defined who the future owners will be in a business. However, all areas of succession must be addressed to put the company in the best position for success for future generations of owners. This article covers the five levels of succession and how to achieve success at each level.
Topics Covered:
Five levels of succession planning:
- Ownership
- Management
- Leadership
- Relationship
- Culture
