Most business owners work hard to define and carry out their corporate mission. Preserving that effort and impact from one generation of leadership to the next is possible with purposeful planning.
A company’s mission tends to center around people, putting practices in place to sustain relationships, culture, and positive influences. Some things a current leader can do to sustain mission from one generation to the next are:
- Select future owners that align with the business’ mission
- Define the process for the transfer of ownership
- Determine the plan to implement the transfer
Learn more about how acting with intention can protect and sustain your business’ mission during a transition: Log in to read our Internal Transitions white paper.