Succession Planning

Put your succession planning in place now | |
|Gordon and Tony’s feud shows that problems can arise over succession – planning could be key to future success of your business,|
|says Teresa Graham, OBE |
|Posted: 2005-01-17 |
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|The ongoing turmoil arising from the unresolved agreement between Tony Blair and Gordon Brown for the latter to succeed the |
|former as the leader of the Labour party and eventually as Prime Minister is a clear example of the problems that arise when |
|succession becomes an issue. It’s never too early to make plans concerning the future, explain Teresa Graham, OBE. |
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|Most entrepreneurs launch businesses with visions of greatness – they see themselves |
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|growing their companies, building mini- or mega-empires and enjoying the material and spiritual spoils of their success. |
|Unfortunately, the majority of business owners don’t develop succession planning strategies, leaving them and their companies in|
|turmoil when they should be executing seamless exits. |
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