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.
Working in a construction site is hard labor and workers are always exposed to dangers while on the job. Accidents result to downtime in your business and loss of lives. Workers in this field are usually those who lack formal education. Despite the danger, they are left with no option but to take on this back breaking work rather than being unemployed. A Construction Safety Plan is one of the requirements before any work will be awarded to a contracting company. Some companies disregard the importance of this requirement while others rarely implement it. Still others claim they lack the capability and expertise to design a safety plan for their business need. For them, it is something complicated and an extremely tedious piece of paperwork. But are you willing to compromise the lives of your employees? Running a business is not just about the bottom line. Remember these are the same people who are responsible of completing your contracted work on schedule. They are your team whom you need to protect from accidents while under your employment. It is your responsibility to secure their safety, keep them informed on how to avoid accidents and make them understand the importance of a safety plan in construction work.