How and When to start Succession Planning

Succession Planning is a complex process, there are many moving parts to it and lots to consider. This can put a lot of people off starting the process or leaving them not knowing how or when to start. In this episode I share some tips on how to get started. 1 - Start Early 2 - Separate out the different elements of succession 3 - Look at the role of Family Governance 4 - Keep an open mind 5 - Have open and honest conversations I also cover when to get started and without wanting to ruin the surprise, the answer is NOW! Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: [email protected] or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now