Business Succession Planning - 20 Apr 2023 - Namakkal

Thursday, 20 April 2023

pm to 7:30 pm

SYNOPSIS

Small and medium scale entrepreneurs are the backbone of any economy, driving growth and creating jobs. However, many of these entrepreneurs often overlook the importance of business succession planning, which can lead to significant disruptions and financial losses in the event of a sudden change in ownership or management.

This talk will help you understand the critical importance of planning for the future of their business and covers several key topics, including:

1. The risks of not having a succession plan:

2. Identifying key personnel and roles

3. Assessing potential successors

4. Developing a succession plan

5. Addressing any legal or financial issues that may arise.

6. Communicating the plan to all stakeholders, including employees, customers, and vendors.

There will be time to address questions for specific individual issues that you face and how they can be best tackled and what resources are available to pursue this in the future.

Mr Krish Srikanth

MMA Namakkal Chapter

SPEAKER

Krish Srikanth is a renowned business family mentor who has extensive experience in guiding and mentoring business families. He has been instrumental in helping several business families in India and abroad to manage their family businesses successfully.

He founded his consulting firm, Krish Srikanth Associates, in 2006, with the aim of helping business families overcome their unique challenges and achieve long-term success.

Krish Srikanth's approach to mentoring is based on a deep understanding of family dynamics, business strategy, and leadership development. He works closely with business families to develop a customized roadmap that addresses their specific needs and challenges.

KRISH SRIKANTH

Families that have benefited from his expertise in coaching/mentoring/consulting include Jindal, Hinduja, Apollo, Modi and political & royal families inside & outside of India.