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Session Guide

90-Minute Education Session

FRI-A07: Preparing for Successful Leadership Transition: How to Navigate the Two-Way Street

Friday, October 27, 2023
9:00am – 10:30am CT
1.50 PDH, LA CES/non-HSW, AICP, FL

What are the secrets behind a successful ownership transition? True success involves a mentorship structure that aligns emerging leaders' expectations and changing roles with those of current owners. This session will demystify ownership transition from multiple perspectives: the leader approaching retirement, the expanding leadership team, and the someday-principal-to-be.

Learning Outcomes:

  • Discover the importance of setting goals and understanding preferred outcomes in planning for ownership transition.
  • Understand options for ownership transition based on the timeframe to retirement and openness to sharing leadership responsibilities.
  • Explore best practices for identifying the right person to be a successor and how to create a framework for a partnership agreement.
  • Learn how to prepare emerging leadership for a future ownership role through structured stages of professional development.