The Crucial Role of Succession Planning in Small Business Success
- Michael Mitilier
- Aug 13, 2024
- 2 min read
Succession planning is a crucial aspect of running a small business that is often overlooked. In essence, succession planning involves identifying and developing internal talent to fill key leadership positions within the organization when current leaders retire, resign, or are otherwise unable to continue in their roles. This process ensures the smooth transition of leadership and helps maintain business continuity.
