Using a Facilitator to Keep Your Succession Planning Process on Track
by Joan Sinclair Petzen
Succession planning can be a daunting task. Many farm managers, particularly in smaller businesses, may only be involved in succession planning once or twice in a lifetime, when getting into or out of business. Thinking about succession planning as a process rather than an event can help one gain perspective on the intentional time commitment required to make your transition plan work. Often business owners rely on a facilitator, coordinator, or navigator skilled in understanding family businesses to help keep the process moving and be certain the right people are involved in developing and carrying out the succession plan. The factsheet below outlines how to use a facilitator to foster the succession planning process.
