Is your business prepared for new leadership?  What will happen to your business when upper management retires?  Who will your new leaders be and how can you ensure you are preparing these new leaders for their future roles and responsibilities? If you’re unsure of the answers to these questions, it may be time to implement a succession plan.

Someday, every business owner will exit his or her business. The question is not “whether”, but “when” and “how”. Regardless of whether you plan to transition your company tomorrow or thirty years from now, you need to have a succession plan in place. Succession planning is having a systematic process where managers identify, assess and develop their staff to make sure they are ready to assume key roles within the company.

For practical advice on how to get started, please join us for a “Food for Thought” roundtable discussion on succession planning February 24^th from Noon to1 p.m. at the Charleston Area Alliance. Pre-registration is required.

Bob Simpson of Dixon Hughes and Jack Suttle, formerly of Suttle & Stalnaker, will share the four keys of succession planning and why it’s never too early to get started.

In this fast-paced roundtable you will learn:

• The elements of a quality succession plan (hint: it doesn’t have to be lengthy, just well thought out and well communicated.)
• How to evaluate leadership potential in successors
• How to plan for the future of your employees, customers, suppliers and more.

If you’re a business owner, don’t miss this opportunity to learn from the experts on how to develop a plan to ensure the safety and vitality of the organization you’ve worked so hard to build. (more…)