How To Select Your Successor!

Posted by Winifred "Wini" Cannon | Sep 16, 2020 | 0 Comments

When selecting a successor, you always begin with the end in mind. It's important to look within your organization to see if there's a talent or a person that you could groom to be your replacement. You often don't have the benefit of knowing though. If you're planning your retirement and there are things within your control, then you can do that.

But if there's an unexpected reason for you leaving the company, then that would pose a problem. Therefore, it's important to look in your ranks to see talent, maybe one or two persons. Then take them under your wing and mentor them, so that they will be in a position to be your successor.

About the Author

Winifred "Wini" Cannon

Winifred “Wini” Cannon knows how business owners may be impacted when retirement, incapacity, or death occurs without a good plan in place. One example that is very common is in the instance where one partner dies leaving the other trying to stay in business complicated by the...

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