𝗪𝗵𝘆 𝗘𝘃𝗲𝗿𝘆 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗡𝗲𝗲𝗱𝘀 𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗣𝗹𝗮𝗻 Operating without a succession plan poses significant risks: leadership voids, disputes, and loss of value. A solid plan ensures: • 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗶𝘁𝘆: Smooth transitions that maintain stability. • 𝗙𝗮𝗺𝗶𝗹𝘆 𝗟𝗲𝗴𝗮𝗰𝘆: Readiness when passing the business to family. • 𝗠𝗮𝘅𝗶𝗺𝗶𝘇𝗲𝗱 𝗩𝗮𝗹𝘂𝗲: Enhances worth for potential buyers. • 𝗙𝘂𝘁𝘂𝗿𝗲 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: Prepares the next generation for success. Fractional CFOs can help guide the creation of an effective succession playbook, securing the business's future beyond current leadership. Planning ahead is essential for sustaining success! #SuccessionPlanning #BusinessContinuity #FractionalCFO #FinancialClarity
Glen Miles, CFA’s Post
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