The North American Retail Hardware Association (NRHA) has released its Succession Planning Study.
Succession planning is an ongoing challenge for retailers who do not have a successor in place or have not prepared a step-by-step exit plan for themselves before retiring. This NRHA study explains where retailers in the independent home improvement industry stand on planning for the future of their businesses.
More than 230 owners, managers and other employees contributed insights into who and what is involved in the succession planning process, how much time it takes and shared some of the challenges associated with planning.
Whether you’re years away from retirement, preparing to hand your business over soon or will be on the receiving end of the succession plan, you have much to consider as you prepare.
Fill out the form below to download the study and get insights on succession planning from your peers.