5 Best Practices

for Effective
Succession
Planning
Succession Planning is not
a “nice-to-have”
The high cost of poor
Succession Planning

Missed opportunities

Decreased team morale

Loss of momentum in critical

projects

Disruption in daily operations

Incomplete knowledge
transfer

Financial losses

Business failure
5 Best Practices for Effective
Succession Planning

1.
Start Planning early
Plan succession well
before you think you need
to, to allow ample time for
identifying and developing
potential successors.
5 Best Practices for Effective
Succession Planning

2.
Identify and
Groom Potential
Successors
Build a pipeline of capable
leaders and invest in their
growth through mentoring,
training, and opportunities
for leadership roles.
5 Best Practices for Effective
Succession Planning

3.
Facilitate Knowledge
Transfer

Ensure that critical skills and

knowledge are retained within the
organisation by documenting
processes and key information.
5 Best Practices for Effective
Succession Planning

4.
Review and
Update Regularly
Ensures that the sucession
plan remains relevant and
effective at all time,
reflecting changes within the
startup and its environment.
5 Best Practices for Effective
Succession Planning

5.
Assess and Mitigate
Risks
Identify potential risks
related to leadership
transitions and develop
contingency plans to
address them.
Scale your business with
experienced and flexible
Chief of Staff services
Pamela Wembé Soelle