Business Succession Planning

Module 1:

• Succession Planning Vs. Replacement Planning
• What is Business Succession Planning?
• What Is Replacement Planning?
• Differences Between
• Deciding What You Need
• Knowledge Check

Module 2:

• Preparing for the Planning Process
• How to Set Parameters for the Planning Process
• Should You Establish a Committee?
• How to Gather Operational Data
• Knowledge Check

Module 3:

• Initiating Process
• Develop a Mission Statement
• Develop a Vision Statement
• Choosing to Be a Mentor
• Knowledge Check

Module 4:

• The SWOT Analysis
• Identifying Strengths
• Identifying Weaknesses
• Identifying Opportunities
• Identifying Threats
• Knowledge Check

Module 5:

• Developing the Succession Plan
• Prioritize What the Succession Plan Will Address
• Set Goals and Objectives
• Develop a Strategy for Achieving Goals
• Draft the Plan
• Knowledge Check

Module 6:

• Executing the Plan
• Assign Responsibility and Authority
• Establish a Monitoring System
• Identifying Paths
• Choosing Your Final Approach
• Knowledge Check

Module 7:

• Gaining Support
• Gathering Data
• Addressing Concerns and Issues
• Evaluating and Adapting
• Knowledge Check

Module 8:

• Managing the Change
• Developing a Change Management Plan
• Developing a Communication Plan
• Implementing the Plans
• Providing Constructive Criticism
• Encouraging Growth and Development
• Knowledge Check

Module 9:

• Overcoming Roadblocks
• Common Obstacles
• Re-Evaluating Goals
• Focusing on Progress
• Knowledge Check

Module 10:

• Reaching the End
• How to Know When You’ve Achieved Success
• Transitioning
• Wrapping it All Up
• Knowledge Check