Business Succession Planning Course PLR eBook Course

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Business Succession Planning Workshop 

The loss of valuable leadership can cripple a company. Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones.

Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.

Workshop Objectives:

  • Define business succession planning and its role in your company.
  • Lay the groundwork to develop a succession plan.
  • The importance of mentorship.
  • Define and use a SWOT analysis to set goals.
  • Create a plan, assign roles, and execute the plan.
  • Communicate to develop support and manage change.
  • Anticipate obstacles, and evaluate and adapt goals and plans.
  • Characterize success. 

 

BUSINESS SUCCESSION PLANNING

Module One: Getting Started
  • Icebreaker
  • Housekeeping Items
  • The Parking Lot
  • Workshop Objectives
Module Two: Succession Planning Vs. Replacement Planning
  • What is Business Succession Planning?
  • What Is Replacement Planning?
  • Differences Between
  • Deciding What You Need
Module Three: Preparing for the Planning Process
  • How to Set Parameters for the Planning Process
  • Should You Establish a Committee?
  • How to Gather Operational Data
Module Four: Initiating Process
  • Develop a Mission Statement
  • Develop a Vision Statement
  • Choosing to Be a Mentor
Module Five: The SWOT Analysis
  • Identifying Strengths
  • Identifying Weaknesses
  • Identifying Opportunities
  • Identifying Threats
Module Six: Developing the Succession Plan
  • Prioritize What the Succession Plan Will Address
  • Set Goals and Objectives
  • Develop a Strategy for Achieving Goals
  • Draft the Plan
                            Module Seven: Executing the Plan
                            • Assign Responsibility and Authority
                            • Establish a Monitoring System
                            • Identifying Paths
                            • Choosing Your Final Approach
                            Module Eight: Gaining Support
                            • Gathering Data
                            • Addressing Concerns and Issues
                            • Evaluating and Adapting
                            Module Nine: Managing the Change
                            • Developing a Change Management Plan
                            • Developing a Communication Plan
                            • Implementing the Plans
                            • Providing Constructive Criticism
                            • Encouraging Growth and Development
                            Module Ten: Overcoming Roadblocks
                            • Common Obstacles
                            • Re-Evaluating Goals
                            • Focusing on Progress
                            Module Eleven: Reaching the End
                            • How to Know When You've Achieved Success
                            • Transitioning
                            • Wrapping it All Up
                            Module Twelve: Wrapping Up
                            • Words from the Wise
                            • Review of Parking Lot
                            • Lessons Learned
                            • Completion of Action Plans and Evaluations