Business succession planning: transferring ownership, not just a job title
Business succession planning decides who takes over ownership, how it is valued and funded, and when. The questions owners avoid, and the documents that make the answer real.
The RFI RFP RFQ sequence asks three different questions: who is out there, how would you solve it, and what does it cost. Sending the wrong one wastes a buying cycle.
The RFI RFP RFQ sequence exists because a buyer needs three different things at three different moments: a view of who could possibly help, a proposal for how they would do it, and a price for a specification that is already settled. Using the wrong document is the most common procurement mistake, and it is expensive in a way nobody notices — suppliers answer the question you asked, so a premature request for pricing produces numbers nobody can compare.
Ask what you would do with the answers. If you cannot name the evaluation criteria, you are not ready for a proposal and should be sending an information request. If you can specify the deliverable precisely enough that two suppliers would quote the same scope, you do not need a proposal and a quotation will be faster for everyone. The failure mode in both directions is the same: asking suppliers to do work that cannot influence your decision, which is how a bidder list quietly shrinks over the years.
Never run an information request as a disguised competition. Suppliers share information with each other and notice, and a market that concludes your process is decorative will stop investing effort in your tenders.
Ettex Docs holds the three templates so a buyer is not drafting from scratch under time pressure, and the question log plus scoring sheet sit alongside in Sheets. Where an award is challenged, that paper trail is the answer — the same material a tendering process has to produce anyway.
Often yes, when the supplier market is known and the problem is clear. The information stage earns its place when the market is unfamiliar or the possible approaches differ fundamentally.
A quotation request asks for a price against a specification; a purchase order is the instruction to supply at an agreed price. The quotation feeds the order, not the other way round.
Enough that a good supplier can respond properly — commonly two to four weeks for a proposal, less for a quotation. Short deadlines filter for availability rather than quality.
Business succession planning decides who takes over ownership, how it is valued and funded, and when. The questions owners avoid, and the documents that make the answer real.
AGM meeting minutes evidence that the annual general meeting was properly held and what it resolved. What has to appear, what should be left out, and how long to keep them.
A post implementation review asks whether a project delivered the benefits it promised, how good the estimates were, and what to change next time. What to cover, when to run it, and why most are useless.