Succession planning ensures the long-term continuity of a business by strategically identifying key roles and the talent needed to fill them. It includes a robust program of talent development to prepare future leaders to step into vacated roles, maintaining...
I spent last week in London where I had the pleasure of attending Wimbledon with my wife and some close friends of ours. Wimbledon is the world’s oldest tennis tournament played every year on the grass courts of the All England Lawn Tennis Club in Wimbledon, southwest...
I recently spoke to YPO Guatemala, in Guatemala City, which was a great experience. I shared with them a three hour interactive workshop on leadership succession planning. What made it a great experience was their willingness to participate fully in the discussion and...
Have you ever heard the saying, “shirtsleeves to shirtsleeves in three generations?” Although it’s a uniquely American saying, it definitely applies to any family business, regardless of where it’s based. Essentially, it’s a nice way of saying that 70% of family...
Six Strategies to Position Yourself as a Leader Global business is on the cusp of a massive sea of change—but the good news, to continue the nautical metaphor, is that we’re entering a time in which the rising tide will indeed “lift all boats.” Within the next 10...
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.