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Perhaps the most powerful illustration of succession's importance inside the family firm is the staggering number of family businesses that plan to hand over control to the next generation in the short_term. For instance, in the US alone, 40% of family business CEO's are planning to transfer power to the next generation within the next 5 years. When viewed in combination with the factors surrounding succession, this statistic truly represents the importance of the succession process not only within the firm, but also on a macroeconomic level_family_owned businesses have served as the backbone of society since the times of the ancient Greeks.

The first method is rather time_consuming. In this case, you can look up community forums, such as those in the IT (Information Technology) field and look up free template building tools. Then you'd have to do it yourself. The good thing about this is that you can use it again and you'll be familiar with the issues you would most likely encounter during training.

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