Succession Planning Checklist
Ownership, leadership, and knowledge transfer steps.
“Succession is the test of whether you built a business or a monument to yourself. The checklist is how you find out — while there's still time to change the answer.”
The Insight
A complete succession plan addresses three separate tracks: ownership (who holds the shares), leadership (who runs the company), and knowledge (who carries the institutional wisdom). Most plans focus on one track and neglect the others — which is why most family and legacy business transitions are so painful.
01
Ownership Track
02
Leadership Track
03
Knowledge Track
The Takeaway
Three tracks, worked simultaneously, started 36 months before the transition. A good succession plan is the founder's final gift to the business — and the legacy it leaves.
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