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Striking Personal Five Year Plan Template

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Personal Five Year Plan Template

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.

However, if you do not want to spend money or you cannot find one that would suit your training ideas, then try the integrated approach. You can look up other companies' templates online and then make a few revisions to make it fit your own approach. If you are lucky, you might even stumble upon a training plan template from a company that is within the industry your business belongs to.

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Personal Five Year Plan Template


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