Succession Planning

Building bench strength for effective succession planning

Leadership transitions are inevitable, but disruption doesn’t have to be. By bolstering your business’s “bench strength,” you can support succession planning objectives and promote greater stability.
June 24, 2026
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Every business will eventually face leadership transitions. Whether key people retire, pursue new opportunities or become unable to do their job, your business must maintain continuity. Often, smooth transitions depend on “bench strength.” This refers to the depth of employees prepared to step into critical roles. Developing this internal talent pool is one of the […]
#BusinessContinuity, #LeadershipDevelopment, #SuccessionPlanning
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Succession Planning

Protect business continuity with an emergency succession plan

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December 4, 2025
H&B
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Unanticipated crises can threaten even the most well-run company. And the risk is often greater for small to midsize businesses where the owner wears many hats. That’s why your company needs an emergency succession plan. Unlike a traditional succession plan — which focuses on the long-term and is certainly important, too — an emergency succession plan addresses who’d […]
#BusinessContinuity, #EmergencySuccessionPlanning, #RiskManagement
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Succession Planning

How businesses can fund a buy-sell agreement

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August 22, 2025
H&B
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Businesses with more than one owner benefit from having multiple viewpoints and varying skill sets. However, they also face serious risks of uncertainty and conflict if one of the owners suddenly departs or undergoes a major life change. A carefully crafted buy-sell agreement can guard against these risks — if it’s securely funded. Transfer guidelines […]
#BusinessContinuity, #BuySellAgreement, #SuccessionPlanning
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