A solid company succession plan not only helps you sleep nights;
it's also a retention and motivation tool. It is important to
consider the emotional consequences of these decisions as they can
affect how smoothly the transition occurs.
You know that building a trucking business requires hard work,
dedication and sacrifice. And that's exactly why succession
planning is so important: to maintain and extend the success of
your business into the future. It's a way to protect all your
hard work and allow you to maximize your proceeds in the event of
retirement, illness, disability or death. It's also a way to
motivate, retain and develop good employees.
In a nutshell, succession planning is about identifying and
developing your top talent to take on senior positions. If you are
not doing this, you are risking not having a strong team in place
ready to step in when you need them to. While on the face of it,
most business leaders understand how critical succession
