Business growth keeps your company from stagnating or losing ground to your competition. But “growth at all costs” can devastate a business and its people. That rapid-growth strategy, especially popular among startups aiming to scale quickly and profit later, simply cannot be maintained over the long term. Unfortunately, the biggest losers under that approach are very people who could have been foundational for lasting growth.
The business leadership struggle is real. So is this fact: You cannot do everything for your business. But you can choose to do only the most powerful things. If your days are packed with putting out fires on multiple fronts, it’s probably time to step back and fight the cause of all those little fires—to strategize for problem prevention and organizational progress. But you won’t get there without the right kind of focus.
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Handing Over the Reigns is a must read for anyone who is contemplating passing their business on to the next generation. This book is based on Richard’s experience in a 4th generation 100 year old family business and from the work he has done with many other privately held companies in the UK and USA.
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