Management Team: Cross-Training and Succession Plans

A strong management team has long been one of the hallmarks buyers look for in a business. In the era of COVID-19, buyers will be increasingly interested in issues of cross-training, succession planning, and leadership development. Buyers will be looking at how the business could be impacted if health issues, or quarantine requirements, prevent certain team members from working.

Review your succession plans and cross-training efforts now to alleviate concerns about key talent.

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