How & When to Start Succession Planning – The Family Business Podcast

Succession Planning is a complex process, there are many moving parts to it and lots to consider. This can put a lot of people off starting the process or leaving them not knowing how or when to start. 

1 – Start Early

2 – Separate out the different elements of succession

3 – Look at the role of Family Governance

4 – Keep an open mind

5 – Have open and honest conversations

Russ discusses when to get started, and, without wanting to ruin the surprise, the answer is now!