Succession planning is a structured process for identifying critical positions, grooming future leaders, and safeguarding business continuity—so your company can survive promotions, retirements, or the “5 Ds” (death, disability, divorce, disagreement, distress) without missing a beat. For small and midsize businesses—70 percent of which are family- or founder-led—the sudden loss of a key player can […] The post Succession Planning Strategy: Step-By-Step Guide for SMBs appeared fir...
