A Deeper Dive into Why Succession Planning is Critical

Statistics from the U.S. Small Business Administration show that two-thirds of small to medium-sized businesses do not survive a leadership change. Those that do, plan for it. But, how exactly do they plan for leadership change? The answer is: by creating and implementing a solid, well-thought-out succession plan.

During this webinar, Daniel Feiman will present a deeper dive into the 9 critical steps to creating an effective succession plan.

Critical steps to be discussed: 

1. Identify critical positions & roles
2. Build the success profile
3. Nominate successors
4. Assess the development needs
5. Develop talent
6. Create an implementation plan
7. Document the process
8. Measure progress (1 tool)
9. Evaluate, Reset, & Continue

While this webinar is a follow-up to our “10 Steps to Developing the Right Succession or Transition Plan for You” webinar from January 12, 2021, it is not necessary to have viewed it in order to benefit from the knowledge imparted in this one. The content of this webinar is helpful during both prosperous and difficult times.