Succession planning is key to continuing success in business

We have all heard the phrase, square pegs in round holes, usually mean putting people in positions they are completely unsuitable for.

In business and for SMEs in particular it can have far-reaching consequences and weaken the long-term health of that firm.

So, managing the businesses efficiently call for square pegs in square holes, in other words, proper succession planning.

Surveys in the past have shown that organisations’ leadership pipelines are weaker than ever, with one showing more than half reporting a significant shortage of leaders for key positions and almost a third are unsure that their leaders have the skills required to take the business.

There are key steps to making sure your future leaders are up to the job.

For expert advice on succession planning for your business, contact our team today.

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