The Beringer Group Answers, "What Are My Company Goals?"
Question #1 of the 6 Key Questions to Ask When Planning for Succession
The first step for a successful succession planning process is considering your company’s goals and the people you need to achieve those goals. Creating a comprehensive 1-5-year business plan that addresses your organization's goals will be beneficial when trying to determine your next steps as a business.
For example, if your goal is to grow your business by adding a new location, you need to create a step-by-step plan that addresses how you will achieve this goal. It is pointless to set goals without a course of action in place.
Click here to find out more: https://theberingergroup.com/news-and-insights/6-key-questions-to-ask-yourself-when-succession-planning
Many business owners are blinded by the illusion that “If my business is successful now, it always will be.” When business owners allow this illusion to cloud their judgment, they are only hurting themselves in the long run. Although your business may be thriving presently, have you considered the future? What about retirement age? Is potential competition outperforming you? Are technological advancements surpassing your capabilities? Questions like these demonstrate the importance of starting succession planning now.
The Beringer Group, one of AHTD’s newest Strategic Business Partners, is dedicated to ensuring you and your business are prepared for any challenges that come your way. As a new monthly series, the Beringer Group will guide AHTD’s members through the 6 Key Questions to Ask Yourself When Succession Planning.
Check next month's AHTD newsletter for Question #2
If you can't wait reach out to us, we would be happy to have a conversation.
theberingergroup.com
The first step for a successful succession planning process is considering your company’s goals and the people you need to achieve those goals. Creating a comprehensive 1-5-year business plan that addresses your organization's goals will be beneficial when trying to determine your next steps as a business.
For example, if your goal is to grow your business by adding a new location, you need to create a step-by-step plan that addresses how you will achieve this goal. It is pointless to set goals without a course of action in place.
Click here to find out more: https://theberingergroup.com/news-and-insights/6-key-questions-to-ask-yourself-when-succession-planning
Many business owners are blinded by the illusion that “If my business is successful now, it always will be.” When business owners allow this illusion to cloud their judgment, they are only hurting themselves in the long run. Although your business may be thriving presently, have you considered the future? What about retirement age? Is potential competition outperforming you? Are technological advancements surpassing your capabilities? Questions like these demonstrate the importance of starting succession planning now.
The Beringer Group, one of AHTD’s newest Strategic Business Partners, is dedicated to ensuring you and your business are prepared for any challenges that come your way. As a new monthly series, the Beringer Group will guide AHTD’s members through the 6 Key Questions to Ask Yourself When Succession Planning.
Check next month's AHTD newsletter for Question #2
If you can't wait reach out to us, we would be happy to have a conversation.
theberingergroup.com