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Succession Planning Print

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Many small business owners are so busy with the day to day operation of their business that not much thought is given to planning for the future of their business. However, it is inevitable that key employees will need to be replaced from time to time. It is also inevitable that you, the owner, will leave the business at some point. In either case, having a plan in place will save you money and headaches and will provide a better return on your investment.

For key employees, it is important to identify individuals capable of filling those positions in your business and put a process in place to ensure they are trained and ready to step in when needed. By planning for the time when you leave the business, either to retire or to pursue other interests, you will give yourself the opportunity to do that with the least amount of stress and the best return for your investment in the business over the years.

 

gi_59164_smartforce To learn more about Employee Succession Planning check out the Employee Succession Planning Bundle on Smartforce NL at: https://www.coursepark.com/learningnetwork/courses/index/id/718 .

One of the biggest challenges for small- to medium-sized businesses is keeping the organization staffed with qualified and experienced people. The best way to deal with that challenge is to plan ahead. The courses in the Employee Succession bundle will show you how creating a plan for employee departures and replacement can make a difference in your organization. The courses in the bundle are designed to lead you through the steps toward creating a solid employee succession plan, including: profiling your organization, creating job profiles, identifying and assessing potential candidates, employee development and knowledge transfer plans, and evaluation.

This Course Bundle contains the following courses:

  1. Introduction to Employee Succession Planning
  2. Step 1: Profile Your Organization
  3. Step 2: Create Job Profiles
  4. Step 3: Identify and Assess Potential Candidates
  5. Step 4: Create Employee Development and Knowledge Transfer Plans
  6. Step 5: Implement and Evaluate

Developed in partnership with: Innovation Business and Rural Development, Canadian Federation of Independent Business and Newfoundland and Labrador Association of Community Business Development Corporations

 

gi_59164_smartforce To learn more about  Business Succession check out the Business Succession Planning Bundle on  Smartforce NL at: https://www.coursepark.com/learningnetwork/courses/index/id/718.

One of the biggest challenges for small to medium-sized business owners is succeeding from the business. The best way to deal with that challenge is to plan ahead. The courses in the Business Succession bundle will show you how creating a succession plan can prepare you for a smooth departure from your business into retirement. The courses in the bundle are designed to lead you through creating a solid business succession plan, including selling to family members, selling to partners or employees, and selling to a third party. In addition, the courses cover how to prepare you successor, plan financially and do estate and retirement planning.

This Course Bundle contains the following courses:

  1. Introduction to Business Succession Planning
  2. Prepare for Business Succession
  3. Keep it in the Family
  4. Sell to Partners or Employees
  5. Sell to Third Party
  6. Prepare Your Successor
  7. Money Matters
  8. Prepare Your Future

Developed in partnership with: Innovation Business and Rural Development, Canadian Federation of Independent Business and Newfoundland and Labrador Association of Community Business Development Corporations

 

 

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