follow the plan and actively monitor achievement of milestones.
» Plan 6 monthly meetings to measure and record progress against the plan.
» Call a one off meeting whenever circumstances change affecting the plan.
» Keep communications on the project open with all family members.
» If the plan is not working, acknowledge this and restart the process.
It is the parent’s and their lead Advisor’s job to determinedly keep the family on track to complete the succession plan on schedule.The management of the succession project needs to be very strong and uncompromising.If the plan slips behind schedule then circumstances could change, a parent could die, and the chance to achieve the farm succession may be lost.