You’ve got that lifetime-dream business off the ground, but how do you make sure it will continue to exist and prosper after you’re not around anymore? To talk about the many advantages and pitfalls of putting together a succession plan are: Chip Cicchetti, vice president/commercial banker with Hancock Bank; Stuart Goldberg, Law Offices of Stuart E. Goldberg, PL; and Michael Kalifeh, CPA/CFST, Thomas Howell Ferguson.
Here’s a link to a tool to help determine your organization’s need for a succession plan: http://berireport.com/Survey/Register/F074AAE2_8122