Your ExitMap Management Succession Planning
Identify the Readiness of Successors by Responsibility
Your ExitMap Interactive Tools:
Management Succession Worksheet©
A critical part of any business transition is anticipating the planned transfer of an owner’s management and operational duties. You may already have trained successors in place who can seamlessly take over your duties and functions. Unless you have been actively delegating responsibilities, it is more likely that you need a well defined plan.
Every owner wants to control their exit process and timeframe. If your company is heavily dependent on your direct participation, you’re transition plan may be impacted by the time required to train and educate your managers. To see how dependent your company is on you and in which areas you participate most, complete the Owner Centricity Quiz.
Use the Management Succession Worksheet© to start thinking about who is capable of taking over your management and operational duties. We have listed the key areas that should be considered in most businesses.
The ExitMap® Assessment©
The First Step to Understanding the Complexities of Preparing a Company for Transition
The ExitMap® Assessment questionnaire consists of 22 questions and produces a high quality 12-page summary report which will be emailed to you. The report ranks the overall preparedness of a company for transition and provides a breakdown of the four major categories of readiness; Finance, Planning, Profit/Revenue and Operations. If you are just starting to think about exit planning or if you just want to know where you and your company stand, this is your first step.
