Smart Business Doctor offers robust programs for succession planning to ensure your legacy moving forward.
Secure Your Legacy
Succession Planning is important because at the heart of the Talent Management process is identifying key roles and mapping out ways to ensure the organization has the right people with the right skills, capabilities, and experiences, in the right place at the right time.
Succession planning is not just exclusive to building a “deep bench” of replacement talent to step in when people retire, or leave.
Succession Planning is also a necessity in properly managing the tax and ownership ramifications of the company future. If being sold, or turned over to family members, the preparation required for this type of transition can take years to implement, and could become very costly tax wise, if not properly planned.
Our experts, look at every aspect of succession planning to provide a thorough set of options that minimize high, unanticipated costs to keep more money in your pocket.
Many business owners only prepare for succession in the event of death and sometimes retirement, however, fail to plan in the event of incapacitation that could cripple a business because provisions are not made in advance to handle such tragedy.
We believe Succession Planning is just as integral to solid business planning as Sales and Profits are to daily operations.