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Trust Me! You Need A Succession Plan In Modern Business World

What if I die? What if I want to take a year-long sabbatical to Africa? These questions will start haunting you when you have moved up to those management positions. Believe it or not, training and succession planning can ensure your company’s long-term survival. Depending on any one person is NOT a wise option for companies’ survival — even if that one person is intelligent. Great companies are self-sustaining, says Melanie Spring, founder of the Washington, D.C.-based marketing company Sisarina.

Establishing a better and all-rounded training programs for your employees don’t just better prepare your company in the event of an unexpected downturns or even fatal incidents. It also gives you more freedom in the interim and ensures your staff is more fulfilled.  “Making sure you have the processes in place.. that allow people to know how to do your job” is critical for long-term success, she says.

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