Grow Your Business » Succession Planning

Grow Your Business » Succession Planning http://growthexpertblog.com Real Ideas to Grow Real Businesses By Russell J. White Fri, 14 Oct 2011 18:46:29 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Five Steps for Succession Planning in the New Age of Business http://growthexpertblog.com/2010/05/26/five-steps-for-succession-planning-in-the-new-age-of-business/ http://growthexpertblog.com/2010/05/26/five-steps-for-succession-planning-in-the-new-age-of-business/#comments Wed, 26 May 2010 15:14:49 +0000 Russell J White http://growthexpertblog.com/?p=659

1. Begin the process at least a year before you want to make the transition.

2. Recognize that a new set of skills will be a better fit for the future.

3. Locate the best talent before it becomes a necessity.

4. Clearly communicate the transition before it takes effect.

5. When you make the transition, do so graciously by stepping away to let the company transform.

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