Description
Learn in a classroom environment with your peers, virtually, with an instructor online.
Course Length: 1 Day
Target Audience: General
The loss of valuable leadership can cripple a company. Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones.
Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.
Course Objectives:
- Defining Corporate Estate Planning – Succession
- Lay the groundwork for developing a succession plan.
- Points of tension
- Choose an exit strategy
- Transfer of the company
- Select successors and prepare them to take over
- Define and use SWOT analysis to set goals.
- Other resources: Analyze and monitor finances
- Other resources: Business valuation and its saleability
This is a highly interactive and participative workshop.
Supplement Material
A student manual is available for the learner to follow during the instructor’s presentation.
Benefits to the participants
Throughout the activities, the learners will look at business succession planning.
Course Evaluation
A course evaluation will be completed by the learners once the course is finished.
Note:The course outline may be subject to change.
