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succession-planning

  • Think ahead. Establish strategic plan before you need one.  Doing so helps avert crises and future growth issues, and helps solve problems before they arise.
  • Determine what policies and plans you need. Some you?ll want early in your business include a mission statement, as well as goals, where you are today, where you want to get to and measurement of results.
  • Get input from key employees, as well as from members of your advisory board, your board of directors, and/or your professional advisors and consultants.
  • Communicate Strategic Plan to everyone in your business.
  • Review your plan on a regular basis?once a quarter, for example?and revise the plan as necessary.

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