Having a succession plan is important for the continued success of any organization because your workforce is constantly changing. Top leaders may leave or retire, or you may be ready to sell or turn the business over to someone else.
Evaluate your structure regularly to make sure it can handle your workload.
Use your succession plan as a catalyst to identify and develop strong candidates for leadership roles.
Create an organizational chart to track employee progress.
View succession planning proactively, this is a disaster recovery plan.
Constantly monitor your plan and employees, it is likely your company will undergo change.