{"id":11633,"date":"2019-02-08T09:38:12","date_gmt":"2019-02-07T22:38:12","guid":{"rendered":"https:\/\/recruitloop.com\/blog\/?p=11633"},"modified":"2023-05-10T08:02:41","modified_gmt":"2023-05-10T15:02:41","slug":"why-succession-planning-is-key-to-the-survival-of-your-business-infographic","status":"publish","type":"post","link":"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/","title":{"rendered":"Why Succession Planning is Key to the Survival of Your Business [Infographic]"},"content":{"rendered":"\r\n<p>If you\u2019re a small business owner, one aspect of managing your business you probably haven\u2019t given much thought to is how your business will run once you\u2019re out of the picture. Although grim to consider, if you want your business to live on when you\u2019re gone, then writing a thorough succession plan is essential. <br \/><\/p>\r\n\r\n\r\n<p>So, what exactly do you look for in a successor? Ideally, you want to find someone you know and trust to run your business. If you own a family business, it may be your child, spouse, or someone within the family who has the know-how to fill in your shoes. If you don\u2019t have a specific person in mind, having a succession plan in place will provide the criteria to hiring the right candidate. <br \/><\/p>\r\n\r\n\r\n<p>When looking for a successor to run your business, here are some questions to think about: <br \/><\/p>\r\n\r\n\r\n<ul><li>Are you considering internal candidates? <\/li><li>Are you looking to promote a family member?<\/li><li>Have you considered multiple candidates for the role?<\/li><li>Do you have a plan to train your successor in place? <\/li><\/ul>\r\n\r\n\r\n<p>To learn more about the process of writing a succession plan, our friends at Bestow have created a nifty visual you can check out below: <\/p>\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"768\" height=\"4142\" src=\"https:\/\/www.zippia.com\/employer\/wp-content\/uploads\/2019\/02\/business-succession-infographic-sm-768x4142.jpg\" alt=\"\" class=\"wp-image-11711\" srcset=\"https:\/\/www.zippia.com\/employer\/wp-content\/uploads\/2019\/02\/business-succession-infographic-sm-768x4142.jpg 768w, https:\/\/www.zippia.com\/employer\/wp-content\/uploads\/2019\/02\/business-succession-infographic-sm-768x4142-190x1024.jpg 190w, https:\/\/www.zippia.com\/employer\/wp-content\/uploads\/2019\/02\/business-succession-infographic-sm-768x4142-740x3991.jpg 740w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\r\n\r\n\r\n<p><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>What exactly do you look for in a successor? To learn more about the process of writing a succession plan, our friends at Bestow have created a nifty visual you can check out below. <\/p>\n","protected":false},"author":3,"featured_media":11634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Succession Planning is Key to the Survival of Your Business [Infographic] - Zippia For Employers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Succession Planning is Key to the Survival of Your Business [Infographic] - Zippia For Employers\" \/>\n<meta property=\"og:description\" content=\"What exactly do you look for in a successor? To learn more about the process of writing a succession plan, our friends at Bestow have created a nifty visual you can check out below.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/\" \/>\n<meta property=\"og:site_name\" content=\"Zippia For Employers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zippia\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-07T22:38:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-10T15:02:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zippia.com\/employer\/wp-content\/uploads\/2019\/01\/ec3cb20c2cf71c3e81584d04ee44408be272e6d211b6114197f7_1280_Succession-planning.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"847\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Slezak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@paul_slezak\" \/>\n<meta name=\"twitter:site\" content=\"@ZippiaInc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Slezak\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/\",\"url\":\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/\",\"name\":\"Why Succession Planning is Key to the Survival of Your Business [Infographic] - Zippia For Employers\",\"isPartOf\":{\"@id\":\"https:\/\/www.zippia.com\/employer\/#website\"},\"datePublished\":\"2019-02-07T22:38:12+00:00\",\"dateModified\":\"2023-05-10T15:02:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.zippia.com\/employer\/#\/schema\/person\/c478f8c08326837c1f7ab69f7e6a5569\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.zippia.com\/employer\/why-succession-planning-is-key-to-the-survival-of-your-business-infographic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.zippia.com\/employer\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Succession Planning is Key to the Survival of Your Business [Infographic]\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.zippia.com\/employer\/#website\",\"url\":\"https:\/\/www.zippia.com\/employer\/\",\"name\":\"Zippia For Employers\",\"description\":\"How to find the best employees.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.zippia.com\/employer\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.zippia.com\/employer\/#\/schema\/person\/c478f8c08326837c1f7ab69f7e6a5569\",\"name\":\"Paul Slezak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zippia.com\/employer\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5dadfdf3e6ce17183206e7ca7d1e36f5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5dadfdf3e6ce17183206e7ca7d1e36f5?s=96&d=mm&r=g\",\"caption\":\"Paul Slezak\"},\"description\":\"With over two decades of experience in the recruitment and human capital industry, Paul Slezak has established himself as a transformative force in the realm of leadership and career coaching, group facilitation, and talent acquisition. 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