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Are You Preparing a Successor? Succession Planning in a Small, Private Practice, Healthcare Setting

  • Tamara J. Reeves
Chapter

Abstract

Succession planning in small, healthcare practices is vital, allowing owners to provide a needed product in the long term to surrounding communities. But there are numerous barriers, such as changes in community climates, development of effective succession plans, identification of successors, and psychological issues. This chapter presents research-based best practices and perspectives on the need for small business owners to engage in succession planning within the healthcare sector from a practical perspective. Steps are taken to identify and review known barriers for succession planning within the healthcare sector for small business owners, and recommendations for overcoming them are given from the perspective of a small business owner.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Tamara J. Reeves
    • 1
  1. 1.University of PhoenixTempeUSA

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