Creating a succession plan is critical for all businesses, no matter their size or industry. A succession plan helps ensure that the business can continue to operate smoothly, even if there is a sudden departure of a key executive or employee.

There are a few key things to keep in mind when creating a succession plan:

1. Assess your current needs and long-term vision.

2. Identify your organisation’s key areas of strength and weakness.

3. Identify potential successors for key positions within the organisation.

4. Develop a plan for transferring knowledge and skills to future leaders.

5. Update your plan regularly to ensure it remains aligned with your organisation’s goals.

A well-crafted succession plan can help your business continue to thrive, even in the midst of change. So, don’t wait – start creating your plan now!