Business Succession
Every entrepreneur must deal with succession planning sooner or later. The best time for this depends on the individual assessment and general situation. This includes:
- Investments
- The economic environment
- New products
- One's age
- etc.
Succession planning requires a lot of care and finesse, and only leads to success with the requisite patience. In doing so, rely on the specialists who will assist you in each step of the process and serve as your professional partner at all times.
Succession Planning Processes
During succession planning, the following criteria should be taken into account:
- Strategy
- Employees
- Market
- Organisation and processes
- Finances of the company
- Personal situation of the company
Successful succession planning includes:
- Situation analysis of the entrepreneur
- Situation analysis of the company
- Preparation of different solutions
- Evaluation of successors
- Implementation and the beginning of the future
