Succession planning should be an ongoing process, not something left until the last minute from "summary" of The Replaceable Founder by Ari Meisel
Succession planning is a critical aspect of any business, especially for founders looking to eventually step down from their roles. It involves identifying and preparing potential successors to ensure a smooth transition when the time comes. Many founders make the mistake of neglecting succession planning until it's too late, resulting in chaos and uncertainty for the company. That's why it's crucial to treat succession planning as an ongoing process, rather than something to be dealt with at the last minute. By continually evaluating and developing potential successors, founders can be confident that their businesses will be in good hands when they decide to step down.
Leaving succession planning until the last minute can be detrimental to the long-term success of a company. It takes time to identify and groom potential successors, and rush...
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