Dec 12, 2021
100% of business owners will leave their business someday. Whether a business thrives after an owner leaves depends on your succession plan to ensure a smooth transition. How do you create a succession plan? What are the dos and don'ts? How can a well planned succession improve your business value? Listen in as Beth Miller returns to Succession Stories to discuss her book Replaceable: An Obsession with Succession to help you plan for a successful transition in your business.
Listen in to learn more about:
- Building a plan for life beyond your business
- What separates successful transitions from those that fail
- Why a succession plan should be an ongoing process
- Analyzing the gaps between your key people and key positions and developing your team in time
- How to communicate about your succession plan with your team
- Mapping out a competency ladder for your company for effective leadership
- Tools and resources to help you gauge your readiness to transition both at a personal and business level
Show Links:
Replaceable: An Obsession with Succession: https://us.amazon.com/Replaceable-Succession-Beth-Armknecht-Miller/dp/1951503538/
Succession Stories E36: https://smalldotbig.com/succession-stories-podcast/e36-avoiding-succession-planning-mistakes-beth-armknect-miller/
Connect with Beth Miller:
LinkedIn: https://www.linkedin.com/in/betharmknechtmiller
Website: https://executive-velocity.com/meet-beth-miller/
Connect with Host, Laurie Barkman:
LinkedIn: https://www.linkedin.com/in/lauriebarkman/
Website: https://smalldotbig.com/contact-us/
About:
The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.
We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.
Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!