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Benefits of Succession Planning For Your Business and How to Start

Are you like hundreds of other business owners who continually procrastinate when faced with developing a viable succession plan for your business? If so, check out the newest addition to the Recruitment Resource Library.“Many small businesses put aside the development of a succession plan until forced into quickly pulling one together. Or worse yet, they realize after the fact that they should have been more prepared,” says Suzie Kostick, freelance business coach, and consultant. “Many business owners use the excuse they thought their business was too small to need a succession plan or think it is too complicated to develop.” The new succession plan resources available now through the AFE Career Center were developed to help business owners address these concerns and understand why having a succession plan in place is essential, regardless of the size of the operation. The newly added resource tools will assist business owners seeking a way to ease into developing their short and long-term succession plans. The resources consist of checklists and tips that quickly lay out a plan. Of course, every business is unique and has its own needs and goals, so it is always recommended that one consult with a professional financial advisor and legal counsel. Before that happens, AFE encourages anyone interested to check out the Recruitment Resource Library. It takes just a few minutes, and all resources are easy to find and download.“With fewer second and third generations wanting to take over the family business, and with the current labor force in flux, waiting until the very last minute or not preparing can negatively impact the daily operations or even the sale of a business,” says Kostick. “If you’re a business owner looking to retire or slowly transition out of day-to-day operations or have key employees nearing that point, I highly suggest looking at the resources AFE has prepared.”The AFE Career Center was developed to be the floral industry’s one-stop location for job postings and connecting employers with eager job seekers. In addition, AFE’s Recruitment Resources houses helpful documents geared towards recruiting, hiring, and internships, including industry overviews, checklists for interviews and job fairs, help wanted ads, and social media announcements. All documents are created to be easily downloaded, personalized, and shared. Not tech-savvy? No problem – each segment includes quick, how-to instructions for utilizing the templates.The AFE Career Center is part of an ongoing initiative by AFE developed just before the Covid shutdowns. As the industry emerges and works its way forward, these resources will undoubtedly become valuable tools for locating potential interns and staff members when preparing businesses for their next phase.The online library of these documents and many more is accessible here and through a link on the AFE Career Center.The AFE Career Centers resume bank and job board are steadily increasing, but there is always room for more!AFE is offering a 20% discount on your first job posting as an incentive to support this helpful platform and grow its resources and content. To get started, follow this link, use the code FALL20 at checkout, and start recruiting now!