Greater Prairie Business Consulting Inc.

1-800-828-7585

Is Your Business Ready to Succeed Without You?

Whether you are planning to retire, promote internal leadership, or simply prepare for the unexpected, a documented succession plan is vital for continuity, value preservation, and peace of mind.

This quick 3 minute, 15-question self-assessment will help you determine the urgency of creating – or updating – your written succession plan.

Is Your Business Ready to Succeed Without You?

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Section Section 1 — Personal Financial Planning:

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1. Do you have a written succession plan that identifies your future leaders ?

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2. Have you documented the key roles critical to your business’ continuity ?

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3. Is there a contingency plan in place if you or another key leader leaves unexpectedly ?

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4. Have you communicated your succession plan to the necessary stakeholders ?

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5. Is your leadership team cross-trained and capable of covering each other’s roles in the event of a sudden death, disability, or exit of an essential employee ?

Section 2: Talent Pipeline & Internal Readiness -

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6. Have you identified high-potential employees who could assume leadership roles in the next 1–5 years ?

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7. Do you have a leadership development program or leadership training pathway in place ?

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8. Have key employees been evaluated for both performance and potential ?

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9. Are successors being actively mentored or coached for future roles ?

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10. Do you conduct regular talent reviews or succession planning discussions ?

Section 3: Strategic Alignment & Legacy Planning -

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11. Does your succession plan align with your long-term business strategy ?

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12. Have you considered how succession impacts your company’s culture and morale ?

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13. Do you have a communication plan for announcing leadership changes ?

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14. Have you reviewed and updated your succession plan within the past 12 months ?

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15. Have you spoken with a certified succession planning consultant to guide the process ?

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Don’t Leave Leadership to Chance:

Whether you’re years away from stepping back or navigating a sudden change, having a written succession plan ensures business continuity, protects value, and retains top talent.

Contact Information: Jim Talerico

Phone: 1-800-828-7585

E-Mail: info@gpbusinesssolutions.com

Address: 511 East John Carpenter Freeway, Suite 500, Irving, Texas 75062

Web Site: www.greaterprairiebusinesssolutions.com

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