ppp104
Succession Planning for Owner-Managers

This course provides an overview of the fundamentals of succession planning, enabling you to understand the key concepts in this important area and assist your clients in developing succession plans for their businesses.

You'll develop an understanding of the importance of the planning process, and how routine planning in the business is an important precursor for succession planning. You'll learn to differentiate and understand the relationship between succession planning for key positions in the business and for the business as a whole.

You'll coach business leaders and potential successors as to their roles and responsibilities in succession planning, particularly in terms of personal implications. You'll also Identify the key financial issues that business leaders and potential successors should consider when conducting succession planning, and the impact that the decisions they make can have on their future financial position.

Another key area you'll learn about is succession planning implementation.

You'll assist clients in challenging times, including failed succession attempts and assist business leaders in understanding the options and process for pursuing succession to a third party.