28d • General discussion
Business succession planning
Morning all,
I had a quick message exchange last week with , who has recently joined the group but who I hadn’t spoken to for a number of years so it was great to see him!
We ended up talking about succession planning in business, something that doesn’t get discussed nearly enough, particularly in owner-led companies.
Richard shared some honest reflections around stepping back slightly and trusting others to take more responsibility. Finding the right balance is hard:
- letting go without losing standards
- empowering people without creating risk
- and identifying who can genuinely carry the business forward, not just run it day-to-day
It got me thinking that this is probably something many of us are either facing now, or will face at some point.
I’d be interested to hear from the group:
- Have you been through succession planning already?
- Are you actively thinking about it?
- Or is it something you’ve deliberately avoided so far?
And if Richard is happy to share, it would be great to hear your perspective as your experience may help someone in the group now or in the future.
Looking forward to the discussion and have a great week all!
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Business succession planning
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