Tag Archive: Succession Planning

Who’s in charge?

Make sure everybody knows who is in charge when it all goes pear-shaped   It seems that this blog may be read by some quite important people. Yesterday (20/12/2012) in the UK Parliament’s House of Commons, Peter Bone, MP for Wellingborough, asked who would be in charge of the country if the Prime Minister were…

Succession Planning and Business Continuity

People can be your greatest asset, and your biggest weakness. Make sure you protect against loss of key staff It is often said that people are the greatest asset in any successful business. I’d support that view: there aren’t many businesses that could operate without them. Unfortunately, it is also true that the existence of…

Tip – Don’t forget your exit strategy

Unless you can realise your investment, it is worthless For the purpose of this tip, I am assuming that you own your business and are not just a shareholder in a traded company. Small (< 25 employees) businesses are fun. They’re small enough that everybody knows each other; it’s pretty easy to keep on top…

Have you got a succession plan?

Losing a critical member of staff is upsetting enough; don’t let it become a tragedy for the business. Business Continuity covers all aspects of the operations of a business: including what to do when a critical member of staff leaves unexpectedly. The management of a business has a duty to ensure that the organisation can…

Loss of people is often the biggest risk

What do you do if you are a small professional practice and your biggest risk is loss of one of your partners? I recently spoke with a partner in just such a situation. The practice is successful, they’ve been around for some time and they have a problem. The partners are very busy, they have…