How To Start Thinking About Succession Planning

Without a crystal ball, it’s impossible to know with complete certainty where the national economy or even a local real estate market will be in five or 10 years. That’s why it’s important for business owners and executives to focus on what they can control — starting with who will take over the reins at their companies when the time comes.
Succession planning is about more than just choosing the next president or CEO. It’s about establishing a strategy for transitioning and ultimately replacing management roles at all levels in times of sudden change. With that in mind, here are some tips…

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