Business Succession Planning - Three Fundamental Reasons You Need It Now!
As the manager of your business, at whatever level you like; from small business owner with a bunch of dedicated expert people; through supervisors of their own teams; right up to CEO's running major businesses, you need the right people around you, all the time.
And the way to do this, is through creating a first class and sustainable management team, for whom you groom replacements on the fly, to a program, within a simple process.
Here are a few reasons why this will help you:-
Make Time
Succession planning consistently creates skilled people, who are capable of taking the weight off a manager or boss, to ensure that he or she doesn't have to do it all. Indeed, these talented, developed people often can do the business even better in their particular niche skill than the boss.
This is really supportive for a manager and means that they can get back to their real task of focusing on bigger picture issues, where they give the best value.
So time is saved from the manic fire-fighting that happens when key people leave and you have to cope, somehow.
Because you know who it will be who will pick up the loose ends - however inconvenient they may be.
You got it - it's you.
With a great succession planning process in place, you can be assured that this stops - in fact there are much wider benefits - read on!
Confidence
With succession planning helping to create a healthy business future, managers can build a level of security into how they do their job.
This means that they can try out new things to build their business. Safe in the knowledge that they will have the right people in place at the right time, business confidence grows and the team becomes far 'bigger' people in themselves.
Once that confidence swells, the risks have a habit of paying off more often. Maybe it's with the confidence of knowing that not only do you have the best people in place, but they are also creating the next generation too, that a more accurate capacity to make correct judgements kicks in.
Reward
Both financial and emotional. Enhanced performance usually generates improved earnings, since that is the way many businesses reward their people.
And there is more to it than that. It is at least just as, if not more, fulfilling to be rewarded by the emotional return, gained by using succession planning to create a brilliant team. To leave a legacy too. To leave a sustainable future.
It is personally extremely satisfying. This has positive knock-ons into other areas of a manager's wellbeing too.
Succession planning processes are a simple and highly effective way to deliver sustainable, focused business growth with a little pain and as much of the gain as is possible.
Maybe it's time to give it a try.
Related Tags: leadership, management, team, team building, succession planning, employee development
(c) 2007 Succession Planning Toolkit. If you want to develop and build an easy to run business, you need to develop your people well. You can find out how, right here, on Martin Haworth's fascinating website at http://www.SuccessionPlanningToolkit.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons That a Restaurant Should Use a Restaurant Recruiter
Have you ever noticed how many restaurants pop-up over time but then disappear just as quickly? Runn - Does Money Motivate?
Some say money can't buy happiness, but data shows that for those who can barely pay the monthly bil - Because Workforce Friendly Policies Payoff
Employer-sponsored wellness programs are becoming more popular as companies strive to maintain a hea - EAP Value
Life would be simpler if we could set aside our personal issues and emotional baggage when the workd - Hiring an Expert SEO Company to Improve Your Online Business
Search Engine Optimization or SEO Services are used to make your website or online business popular - Why Safety Training at Workplace is Important
Safety training at workplace should be one of the top priorities of your business. An effective safe - Team Building: Brain and Sweat to Attain Company's Central Goal
Are you one of those employees branded ineffective and unproductive? Reasons might be the sense of d - Security Alarm System
It is a must that houses and offices install a security alarm when we speak about safety reasons. Se - Workplace Safety Tips
When we speak of safety based on books, its importance is next to food. It is essential to all indiv - The Benefits Of Lease-to-own Properties
One of the hit real estate investments today is to buy properties that will later be put up as "leas
Most viewed articles in this category:
- A Map Mural for Your Business
Yay! That retail store you've been planning has finally opened its doors and you are officially in b - Attracting Customers Through An Improved Shopping Experience
So many new shopping malls and supermarkets are put up every year. Many more are already in business - "To Oz!": Leading a Resilient-High Achievement Organization
One of my favorite movies is "The Wizard of Oz" based on the book by Frank Baum. The story is about - 5 Critical Items Never to be Included in Cost Benefit Analysis
When dealing with decisions using Cost Benefit Analysis techniques it is very important to follow th - Collaboration and Change
I’m an expert on change and leadership, but my most popular speaking topic this past year, and - Workplace Gap
In your workplace, are you a manager with a smart group of people and they aren't responsive to your - Leadership - The Proper Relationship with Subordinates
In the army, "the men" are kept separated from those known as "the officers." This comes from the id - The 10 Most Asked Questions of Cost Benefit Analysis
When dealing with decisions using Cost Benefit techniques it is very important to follow the proven - Cubicle Space Planning
Space planning is an essential element of any project and efficient planning serves the dual purpose - Why Passenger Surveys are a Transport Operators Best Friend
Public transport operators who already use passenger surveys may not fully appreciate the multiple b
