Why Succession Planning is So Important (and How to Do It Right)

This Playbook provides the step-by-step succession planning process business owners should follow if they desire business longevity.

The Four-Step Succession Planning Process
“Modern ERP applications like Acumatica improve succession planning by providing an intuitive user interface, robust features, and a friendly mobile application for younger leaders. Acumatica is consistently highly rated for usability by industry analysts and customers alike.”

Statistics paint a grim picture of how many businesses (many of which are family-owned or controlled) survive the ten-year mark. However, if business owners follow the succession planning process, they can beat the statistics and set their business up for generations of success.

This Playbook offers everything businesses need to know about succession planning, including:

  • Why succession planning is so important.
  • How transition plans vary between industries.
  • How to determine readiness with a succession planning survey.
  • What 8 strategies can help support a positive transition.

Most importantly, this Playbook provides the four general steps every succession plan should have: Preparation, Evaluation, Transition, and Exit. Each step is explained in detail, helping business owners effectively pass on their legacy to future generations. Download the complimentary Playbook today to learn more.

This Playbook is offered by Acumatica, a leading provider of cloud business management software that gives mid-sized companies a complete, real-time view of their businesses—anytime, anywhere.

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