Implementing a succession plan can be hectic since there are a lot of people involved and a lot of change happening at once. So, it’s smart for owners and successors to figure out up-front how to keep everyone on the same page on what’s happening.

 

What’s a communication plan?

A communication plan is really just an agreement that maps out how you’ll keep in touch and share information. It sets out the schedule for meetings and tells people what information should be shared and when.

The best reason to get a communication plan done is to avoid misunderstandings and frustration. As we’ve said, there are a lot of moving parts in a succession plan. You don’t want each other having to guess about progress or find out important information by accident.

A communication plan is short, sweet and to-the-point. It’s worth your time for the problems it can help you avoid.

Assignment

Let’s get this communication plan done.