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...
When it comes to succession planning for your business, are you engaging in a sustainable long-term strategy, or just looking for a quick fix? In my experience, the best succession plans are those that take a proactive long-term view. I’m sure from the outside, the...
I recently read an article about current Southwest CEO Gary Kelly, who, after 17 years in the pilot’s seat, is stepping down to make way for his successor. What struck me isn’t the fact that Kelly has had the longest tenure of any Big Four airline, or even that his...
Here’s a sobering fact: a full 70% of family businesses would like to pass their business on to the next generation, but only 30% will actually succeed at this generational transition. If you’ve attended one of my succession planning speaker keynote presentations or...
Handing Over The Reigns
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.