Format:
half-day workshop and/or keynote presentation
Foundational concept:
This program is designed to tackle and surmount the inherent obstacles hindering the creation of a comprehensive succession plan. It guides participants to customize actionable steps towards building a successful plan.
Despite unanimous acknowledgment among advisors about the necessity of having a plan for unforeseen events or transitions, research indicates that over 75% of advisors lack one, primarily due to a lack of emotional motivation. Furthermore, impending requirements make the decision to build or not build a plan no longer optional.
Key exercises/tangible deliverables:
Vision exercise to identify their future, develop a successor profile to better evaluate candidates, and identify barriers to moving forward. Delivered in a highly interactive session with small group discussion, pair and sharing, and self-exploration.
Key concepts/takeaways:
- A clear assessment of current situation
- Identify challenges being faced in completing a plan
- The motivation to start, complete, or review a plan
- Identify a potential successor
- An accountability tool