Succession Planning

glen smith preparing your business financially

Business Succession Plan: Preparing Your Business Financially

By Glenn Smith / August 6, 2024 / 0 Comments

Is it time for you to consider succession planning? We’ve compiled a comprehensive guide to help you understand the importance of a succession plan and how to get started. What is a Succession Plan? A succession plan is your business’s roadmap for the future once you step away. Business owners decide to exit their businesses […]

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business succession plan business continuity

Business Succession Plan: Business Continuity

By Glenn Smith / July 23, 2024 / 0 Comments

In business ownership, two fundamental plans occasionally get confused: the succession plan and the business continuity plan. Both are crucial for a business’s sustained success, yet they serve different purposes and address distinct aspects of business management. Here, I discuss the importance of planning for business continuity to secure the future of your business. Understanding […]

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glen smith preparing your business for the future through succession planning

Preparing Your Business for the Future Through Succession Planning

By Glenn Smith / July 17, 2024 / 0 Comments

Succession planning is critical to ensuring your business’s long-term viability and success. It involves identifying and developing future leaders who can seamlessly transition into key roles when current leaders retire or move on. This proactive approach not only safeguards the continuity of operations but also nurtures talent, fosters growth, and maintains stability within the company. […]

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successfully implementing an entrepreneurial operating system

Self-Implementing the Entrepreneurial Operating System (EOS)

By Glenn Smith / December 15, 2023 / 0 Comments

Staying competitive and achieving sustainable growth is a constant challenge. That’s where the Entrepreneurial Operating System (EOS) comes into play. EOS is a comprehensive management framework designed to help businesses streamline their operations, enhance productivity, and foster a culture of success. This system is a game-changer for entrepreneurs and business leaders looking to take their […]

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succession planning made simple

Succession Planning Made Simple

By Glenn Smith / August 23, 2023 / 0 Comments

Does a small business need a succession plan? Absolutely! Many business owners are caught up in the day-to-day operations of their businesses and devote very little time to thinking about the future. Mary C. Kelly and Meridith E. Powell in their book Who Comes Next? state that, “Continuously operating in crisis mode can make organizations […]

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7 steps for creating a succession plan

7 Steps for Creating a Succession Plan

By Glenn Smith / March 28, 2022 / 0 Comments

Every business owner and general manager should be developing their succession plan, not just for themselves but for the other roles that

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Family Business Succession

Family Business Succession

By Glenn Smith / August 12, 2019 / 0 Comments

Family business succession planning is an important part of many businesses. Research indicates that family businesses typically outperform non-family businesses. When families are able to work together effectively the outcome is significant. However, many family businesses are unable to make the transition from the first generation to the second generation successfully. And very few family […]

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Create Your Business Exit Strategy

Create Your Business Exit Strategy

By Glenn Smith / August 5, 2019 / 0 Comments

Every business owner WILL exit their business one day. The question is, will you be proactive, or will you wait and just be reactive to the events of life that “force” you to exit? While you may not be planning to exit the business any time soon, I strongly recommend that you start putting your […]

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