How do You Plan for the Transfer of Your Estate? & What is Estate Planning and Why is it Important?
The most crucial thing in business is having the right people to lead. If a star employee or top executive leaves, there must be a plan to quickly and seamlessly replace her. This is similar to having a support system for your small business. You should be able to replace the departing employee with someone with the institutional knowledge and experience to take over the job. This is called succession planning. It covers all steps you can take to prepare for significant personnel changes. Planning for succession in your position is essential and should be included in any estate planning strategy succession planning. This step-by-step guide will show you how to begin a succession plan for your business.
It reduces turnover and ensures that goals are achieved. This is a critical factor in...