While it may seem obvious that family businesses should prepare for a succession event, it's not always the case. In fact, until recently, most family businesses did not have any succession plans in place. As one can understand, planning for the transfer of power is extremely important. Although this is a long process that involves developing talent across the workforce, a good way to kick off the succession planning process is to review the key functional areas in one's company and create a basic succession plan for those areas. Using a succession planning template can greatly aid in this endeavor. Not only does it enable frank communication about succession plan, a succession planning template helps to visualize what can be an overwhelming subject. All in all, it is essential that family businesses address the issue of succession in all areas of the business and utilize templates that make understanding the process easier for all parties.
To learn more about developing or using disaster recovery plan templates more effectively I highly recommend you read the white paper titled The Disaster Waiting to Happen: The 4 Biggest BCDR Mistakes People Make And Why They Cost So Much. You can get your copy while supplies last here Disaster Recovery Plan Template and you'll discover why Business Continuity and Disaster Recovery Planning remains such a hot topic in the IT infrastructure world today.