succession planning

If you are a business owner, it is of the utmost importance that you determine how the business is controlled, and who will share in the wealth the company creates in the event that the unthinkable happens, or if a key employee or owner leaves. Making these determinations should be an ongoing, proactive process that ensures the organization's long-term viability is assured. 

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By developing a deliberately thought out succession plan, a company can excel in retaining key employees, ensuring leadership continuity, and providing a strategic direction that strengthens the business's stability and reputation.