Planning for the day you leave your business is just as important as being a profitable organization. Whether you decide to sell, retire, or have to get out of business due to health reasons, it's important that you spend the time to plan what you're going to do.
A good succession plan enables a smooth transition with less likelihood of disruption to operations. By planning your exit well in advance you can maximize the value of your business and enable it to meet future needs.
Create a succession plan that is attainable - this means setting a realistic timetable and measurable milestones along the way and sticking to them. Use this template to plan and save valuable time in the process.
Benefits and Savings
This template will save you time and effort in creating a similar template from scratch. If you are at a beginner level with Microsoft Word we estimate you will save 40-50 minutes with this form, intermediate level will save 30-40 minutes, and advanced level will save 20-30 minutes.
As no template can meet every individual or organizational need fully, some customization may be required to make the template work for specific needs.
Clickstarters provides professionally developed templates, forms, and worksheets. All Clickstarters templates, forms, and worksheets are sold as is with no explicit or implied warranty. Clickstarters is not responsible for the use or misuse of its templates, forms, and worksheets.