057 - Biggest Mistakes When Pursuing Succession
What can go wrong with succession. Today, I am answering Jeremy’s (North Chesterfield, VA) question, from the prospective of business owners and leaders.
I believe there are four common reasons:
Hoping that you get lucky
Looking for your alter ego
Trying to mentor successors on your own
Relying on the successor for your pension
As you may surmise from the above bullets, succession is not a slam-dunk. The biggest mistake people make is that it is about finding the perfect successor who will