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Small business accountants in Melbourne explain succession planning

Succession planning has been described as a way to continue effective performance of a business and it is key for making development in businesses and groups. Our small business accountants in Melbourne will explain what succession planning is.

Succession Planning from our small business accountants in Melbourne’s CBD is described as:

• A strategic process for identifying critical roles within a company
• Assists in facilitating the transfer of corporate skills and knowledge
• Operates within principles of merits
• Never targets an individual, but instead is focused about developing marketing and capability to ensure your small business is benefited
• It is a way of having the right people in the right places

While it is not directly dealt with accounting, Melbourne’s small business accountants have the ability to assist with the process and funding of this.

Do make sure your HR and Finance team work closely together when incorporating a Succession Plan!