remodeling concrete porch single wide mobile home bathroom remodel bump out addition bathroom pool house additions niles redo bathroom .. Chicago Drug testing

Succession Planning for Business - 10 Key Points You Must Know

By cranking up others development to meet your business needs, big or small, not just for right now, but for the future, you will find payoffs, big-time. Here are a few ideas to get you started.

  • Building Relationships
    By ensuring that you have informally built good relationships with every one of your team, you will have a head start when developing the intelligence needed for effective succession planning. This is not just about the business, it is about aligning with whatever is important to each individual and showing an interest in them.

  • Create a Vision
    Clearly understanding what 'good looks like' is the first stage of planning for the future. Taking the time out to develop this is well worth the effort and provides a marker against which all decisions, people or otherwise are made. If possible, involve as wide a range of people in this activity.

  • Right People, Right Place, Right Time - Ignore Names
    Once you have your vision, deciding who is need, when and where becomes easier. It important that you focus on the facts rather than the emotion first, so that you ignore individuals in this assessment. You can fit people in afterwards, as long as they will have the capability to deliver your vision for your business. Some may be a work towards.

  • Consistent Performance
    By considering your key people, their aspirations and expectations for the future, you will gain an insight of where your gaps might come and then you can start planning to avoid problems. This will enable you to provide for anticipated change and start developing others to cover at least. This also helps when changes happen unexpectedly.

  • Confidence Grows
    As individuals are involved in the possibilities for their future, without over-promising, they start to want more. They appreciate learning and developing as they see what might unfold for them. As they learn and experience more, their confidence builds and they want stretching.

  • It's Cultural
    As your communication processes involve everyone in Succession Planning, a groundswell of positivity generates a shift in your business culture. Your people start to realise that there is more to this than a job ? it's building their feelings of self worth and future. This culture becomes just 'the way we do things around here' and new employees commence at a higher, different level.

  • Many Winners
    As you start to build the capacity of those around you, there is a lot that can be delegated safely as a development opportunity, suitably supported and coached. You crate space to do the more important things in your role. They develop and build confidence. With confidence comes improved customer relationships, greater efficiencies. So managers, employees, the business and ultimately stockholders all are winners.

  • Time Efficient
    There is a certain amount of workload involved in creating a Succession Planning process. Once these initial stages are completed, only a small amount of time outside normal activities is required. In fact, with the added skills and development of your people, far greater efficiency and effectiveness results.

  • Manages Performance
    Using a Succession planning process sits very appropriately with Performance Management. As potential has been identified, the next steps in development are constructive and clear. The individual takes accountability for their own development and practically self-manages their performance.

  • Value-Creating
    By using management skills far more effectively, skilling up all the people in the business and creating seamless transitions when people move on, all improve business performance. Developing the latent potential of many of your people raises the bar for their performance ? it is just shifted up several notches. And ultimately with greater sales and efficiency, bottom line profit is maximised.

    And with these ideas in place, you will create more effectiveness and involvement in your people - which can only be good.

    Copyright 2005

    Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, managers and corporate leaders. He has hundreds of hints, tips and ideas at his website, htt p://www.coaching-businesses-to-success.com.

    (Note to editors. Feel free to use this article, wherever you think it might be of value - it would be good if you could include a live link) ...helping you, to help your people, to help your business grow...

    In The News:

  • The 7 Critical Steps to Formulating Your Annual Strategic Business Plan

    Businesses tend to avoid doing their annual business plan thinking... Read More

    Writing Your Business Plan is Actually Storytelling

    Storytelling and writing a business plan actually go hand in... Read More

    Innovate Today for Great Leaps Forward Tomorrow

    How often does your company make a quantum leap forward?... Read More

    Do You Have A Customer Identity Crisis?

    The trick is to determine what uniquely identifies your best... Read More

    The Top Ten Rules of Effective Networking

    Many of us are discouraged by the networking events that... Read More

    Breaking the Growth Barriers in the Information Technology and Software Sector

    There's nothing automatic about corporate growth, particularly in the information... Read More

    Dotcom Business Plans Archive Project

    One of the most important initiatives in the domain of... Read More

    Site Selection and Demographic Tips for Establishing Outlets

    Many cities have home pages on the Internet. Many of... Read More

    If You Dont Focus, Innovate and Evolve, You Die

    After 128 years of business, a household word, Montgomery Wards,... Read More

    How Copying the HBO Schedule Can Boost Your Business

    I'm not talking about posting the HBO schedule on your... Read More

    Business Problem Solving

    Is there really anything as a problem? Does chaos or... Read More

    Don?t Just Talk About the Weather, Use It to Advantage

    A well known, national chain of restaurants discovered that certain... Read More

    Six Key Principles of Corporate Accountability

    The foundation of any business transaction is the promise of... Read More

    Designing an Efficient Distribution System

    Let us look at a few of the big distribution... Read More

    Dayton, OH; Why your Company needs to expand there

    In Ohio: besides the 3-Cs you should look at Akron,... Read More

    Top Ten Traits of Strategic Thinkers

    Want to become more strategic? Add these traits to your... Read More

    19 Questions to Supercharge Your Business Plan

    Whether you are seeking capital for your company or are... Read More

    Microsoft Great Plains in Aerospace & Defense industries ? implementation & customization highlights

    Microsoft Great Plains fits horizontal markets clientele and in case... Read More

    Own Your Niche by Building a Niche Community

    In 1997, David Steele was making the transition from a... Read More

    Microsoft Great Plains Implementation: Healthcare/Hospital example ? overview for consultant

    Microsoft Great Plains fits multiple services market niche and healthcare... Read More

    Shortening Product Life Cycle!

    The current state of the available technology at the disposal... Read More

    Completing the Annual Planning Process

    Imagine an office without a desk, or lights, a computer,... Read More

    Innovators Role at Hard Times

    One Research Scientist at the Hewlett-Packard (HP) Imaging Systems laboratory... Read More

    Invalid Excuses for Poor Business Results - The Economy

    Note to Rite Aid and CVS: It's not about the... Read More

    5 Strategies That Will Boost Your Business Productivity Today! - Part 1

    Building a dynamic small business is a constantly evolving, increasingly... Read More

    inductive lighting street lighting cost Pete's produce ..
    inductive lighting street lighting cost Pete's produce ..