What Is A Succession Plan For A Business
All organizations, no matter their size, need succession planning.
In this process, you ensure that you will never have a key role open for which another employee is not prepared.
Brown & Streza can help you identify the personal and familial goals that will drive the right exit strategy for you and your family.
We work with you, your accountant, business advisor, financial planner, and investment banker to address the current business market and trends, appropriate techniques to add or improve value, and create the legal documents to make your plan a reality.
By this type of process, for example, Eric is identified as the strongest player on Mary's team so he is likely to succeed Mary when she is promoted or leaves.
In other conversations, senior leadership teams put forth the names of employees they believe are strong players with great potential in their organizations.