Succession Planning


Some business owners feel that the ultimate purpose of their business is its eventual successful sale and transition to new leadership. At some point, it’s important that you make plans for the time that you would like to leave your business in someone else’s leadership and obtain a good price for your efforts in building it. At Ramsay & Associates, we have the knowledge and expertise to help you prepare your business for a gradual transition and help identify how to sell it. We can also help you enjoy the business now and help you find the time and resources to do the things you want to do in life.

IMG_3285.jpgSuccession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in your company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. At Ramsay, we are aware of the fact that clear objectives are critical to establishing effective succession planning. Our experts can help you:

  • Identify those with the potential to assume greater responsibility in the organization
  • Provide critical development experiences to those that can move into key roles
  • Engage the leadership in supporting the development of high-potential leaders
  • Build a database that can be used to make better staffing decisions for key jobs

 

 

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