Succession Planning – Tips for a Successful Future

Feb 2, 2021 | Business

The Better Business Roundtable is a monthly live segment that features business experts from our community. These amazing leaders bring a wealth of experience in owning and running a business that they share with other companies in our area. We are honored that our CEO Tom McDougall was asked to be a part of such a wonderful group of business leaders. Other participants include Dan Staller, Market President at Starion Bank, Chad Flanagan, a partner in Charge of Business Valuation at Eide Bailly, and Tyler Leverington, Corporate Attorney at Ohnstad Twichell Law Firm.

 

Succession Planning

Technology isn’t the only thing business leaders need to be concerned about, Succession Planning is an important piece of operating a business and should be thought out carefully. In fact, all organizations can benefit from the principles of identifying crucial job skills, knowledge, social relationships, and organizational practices and passing them on to prepare the next generation of workers, thereby ensuring the seamless movement of talent within the organization.
 

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