Who will operate your business, when you are no longer directly involved in the day to day operations? Have you considered passing on some of your knowledge to your key family members and/or employees?

One important person in your organization is your Chief Human Resources Office (CHRO). This person can help to cement the foundation of the people necessary to run your business.

The role of a CHRO to prepare the company for your retirement includes:

Replacement planning and/or succession planning
Training and development of staff
Coaching and mentoring employees
Transfer of organizational knowledge
…and the list goes on.

See the article in Forbes: Forbes article

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