Succession Planning
When you look at the future, do you have a plan for how and when you will retire, who will run your company, and how both those decisions will be handled internally?
Effective succession planning means not only identifying your business’s long-term goals, but your own goals and those of your key employees. NWIRC helps you develop tactics for expanding the knowledge, skills and abilities of family members or key employees so they are prepared to advance into leadership roles.
Succession planning is all about planning ahead— starting long before you expect to make the move. Generally speaking, if you give us five years, we’ll give you five good options. Give us one year, and we might only be able to give you one option. The longer you plan ahead, the more likely we can provide you with an expansive set of tactics for transitioning the next generation of company leadership.
Keys to successful succession plans:
- Current leaders must be ready to discuss the changes to come
- Next generation leaders need to be identified and groomed for advancement
- Long-term business plans must include transition steps
- Legal aspects must be examined
Contact us at one of our regional offices:
Erie: (814) 456-6299
Jack Watts: jwatts@nwirc.org
BJ Lechner: bjlechner@nwirc.org
DuBois: (814) 590-1219
Erin Dixon: edixon@nwirc.org
Meadville: (814) 572-2077
Susan Hileman: shileman@nwirc.org
Mercer: (724) 699-5787
Amy Weller: aweller@nwirc.org