Succession Planning Blogs
July 31, 2009
Lest you think I am the only person working on and/or writing about succession planning, there are other points of view and they are offer terrific perspectives. Some will largely agree with my experience, some add different perspectives and others are contrarian.
Your exit strategy/succession plan is vital to your future, so I’ll be posting the views of others from time to time and keeping them current as I find them. If you know of an article that should be here, send it in and if the author is agreeable, I’ll post a link to that piece as well. The intent is to help best inform you on the important decisions surrounding your moving on, or moving out.
Happy reading:
RESOURCES
1. From David Stember
http://www.bizinvermont.com/biz_in_vermont-blog/2009/7/28/succession-planning-a-process-not-an-event.html
3. From Tim Berry http://bplans.typepad.com/blog/2008/01/how-our-success.html
John Reddish, the Succession Planner & Get Results Coach
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You Really Can’t Replace YOU!
July 17, 2009
You’re the founder, the driving force, in some cases, you are even the brand. At the same time, and if you’ve done your job well – and most of us have – the company has a life and a future beyond YOU. Dislodging yourself as the cornerstone of the company, sooner rather than later, has many expected and unexpected benefits. Top among them are:
- If the company is sold, you are less encumbered by employment/consulting agreements, appearances for the company, long covenants not to compete, etc.;
- If the company is not sold, but annuitized, you get the same benefits as above, but without some of the restrictions, but you may also have some risk exposure still;
- If you suddenly find time on your hands, and have been complaining, “if only I had time to…” you will now be one fewer excuse away from actually doing…;
- Having time on your hands will reap unexpected opportunities to explore yourself and your world. Not having to be at your desk forces you to be somewhere else, see other things, and that alone changes something, if not everything;
- Your successors and all your employees will become more self reliant, so if you get sick or disabled, you and your estate will be less at risk;
- Your successors, in particular, will probably come to appreciate you much more as the “buck” will be stopping on their doorstep; and,
- You may find out that YOU, while a comfortable old suit, needs a rest, while you get to see your company take on new life and new possibilities.
John Reddish, and his Associates at Advent, help entrepreneurs and other leaders who want to master growth, transition and succession to get results faster, less painfully and in ways that work for them. This happens through consulting, coaching/mentoring, training and/or speaking. Understanding that there is no ONE path to get results, client services are tailored to the way s/he can best use our services.
