Succession is a term that is used to mean how we plan for the future when it becomes necessary for other people to take our place as an owner, as a parent, as a chairman. Identifying people we would like to follow us is important because we have worked hard for what we have and we want to make sure what we have keeps helping our family as we move on in our lives. There is no one way to do succession because every family business is different but planning for it is a great idea.