You've put your blood, sweat and tears into building your company

You've put your blood, sweat and tears into building your company. It's grown into something that you're proud of ' something that will leave your mark on the world and bring you the retirement you've always wished for. In fact, it's grown past the point where you cannot expect to handle everything on your own. What can you delegate? And to whom? Or perhaps you're thinking that you'd like to Nike Blazer Low,start moving into that planned retirement of your dreams. But how will the business run without you at the helm? With an entire generation of Baby Boomer leaders looking towards their retirement futures, these questions are being asked frequently. In fact, succession planning is becoming an increasingly important aspect of today's business landscape.

The key to understanding succession planning is that it's simply the act of having a systematic process in place. A process where business owners and corporate leaders identify, assess and cultivate their key people to ensure they are ready to take on strategic roles within the company.

Succession planning is something every leader and organization talks about. On some level, every business owner knows that they need to have a succession process in place, yet very little attention is Nike Shox Turbo,actually paid to developing a strong plan and implementing it. Even when there is some semblance of a plan, often it does not address challenges and issues that arise as impediments to a smooth transition.