Succession Secrets

What do you do when there is no one inside or outside the business that could succeed you? This was the question I received from Paul, who lives in Fredericksburg, Virginia. Listen to today’s episode to find out my six strategies to solve that problem. Strategy no. 1 is to find somebody further down in the organization, with the potential to be groomed into the job. Let this person shadow you, perhaps as a personal assistant/secretary or PR person. Later on, you could assign them important roles in senior management of the business. A future CEO is best off to have had exposure to sales, operations as a minimum and possibly finance. Strategy no. 2 is to poach a number two or three person from a competitor, where they have no prospect of an early promotion. Maybe they have been passed over or the top dog is too young to move on anytime soon. For strategies 3 to 6, tune into the show.  If you like the show, please subscribe for “Succession Secrets” on the Podcast app on the iPhone, which is insta