Ep. 162: The Succession Planning Process - Stage 3

If you’ve had the opportunity to listen to our prior two episodes on the Succession Planning Process, which we highly encourage you, we would argue it’s safe to assume that we are all on the same page - putting thoughtful time and planning into an organization’s succession plan is essential. 
Our Succession Process is a 3 Stage, 9 Step Program that was intentionally designed to help create a methodical plan for business owners who might be looking to transition their role in the business over the next 5-7 years. In the prior episodes, we gave a process overview and focus on  Stage 1: Exploration and Foundation and  Stage 2: The Next Chapter and Transition.
Today we wrap with a framework overview of Stage 3: The Development and Communication leg of the process. This is facilitating the transfer of skills, best practices and as well as governance planning and communication timelines. We are aiming for an effective flow of information at targeted times to keep the organization, and its stakeholders, aligned with the progressive steps of the SPP.
As always, If you would like to learn more about our Succession Planning Process and the program specifics, you can visit our website or contact me directly via email, Molly@nolancg.com