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What are the opportunities for the business What are the threats to the business 4 BMO Financial Group STEP 2 succession planning • Consider the current state of the business: What is the position of your business today • What is your ideal vision for the future state of the business in 5 or 10 years What is its competitive advantage • What are the obstacles to the desired future state of the business (Time, capital, technology, competition) What is the most pressing need of the business: product quality Operational efficiency Innovation Human or financial capital Customer relationships and customer experience BMO Financial Group 5 contact us succession planning Contact us BMO’s succession specialists can help you to make the succession planning process straightforward and successful..