A recent Smart Company article uses an analogy with the recent selection of a new Pope to illustrate some of the key lessons from SME’s in good business transition.
The article highlights four key lessons:
1. Always have a succession plan in place – this keeps your workplace running smoothly when the unexpected occurs;
2. Keep a leader in mind – talk to people about your succession plans in advance;
3. Keep the employees in the know – when transition occurs don’t keep your staff in the dark;
4. Move quickly – transitioning should not be a time when things slow down.
Image compliments of Simon Howden and freedigitalphotos.net.