Hiya! I’m afraid I can’t avoid apologizing again for missing a post. Sometimes things move so rapidly and we find ourselves unable to fulfill commitments. However, failure is only temporary, and we need to get right back on our feet and move on with boldness and courage – pressing forward towards our goals and objections including our vision and mission, the entrepreneur style. It has got to be this way, less we lose focus and have worse consequences. Don’t you agree with me? I promise not to allow any setback to set me back. I will always move on. I believe in the saying that every setback is a set-up for a step-up. Nothing holds me down.
I thought I should get back to the subject of succession planning today. I first handled this topic in my blog entitled ‘Succession Planning For An Entrepreneur’ some time back in May 2016. I mentioned the importance of succession planning, the need to start early, and a few issues on the approach and guidelines to succession planning. My article entitled ‘Why An Entrepreneur Must Delegate’ might also be helpful here. Today I would like to expound on the need for entrepreneurs to start succession planning early. I would like to talk about why entrepreneurs need to start succession planning early enough and not wait until the last moment. It might be too late, and the efforts made in building the business might be wasted.
By the way, I’m assuming that you are an entrepreneur who takes succession planning seriously, and you are set for it. Alternatively, you intend to place due importance on it when you develop your business. I know there are entrepreneurs (and other leaders out there) who don’t like this thing called succession planning. There are entrepreneurs who will hold the business cheque book (symbol of power) so hard, and will never release it until nature forces them to release it when they do not even know what is happening around them anymore. Come on, you don’t need to die with the cheque book and statutory instruments of the business in your hands. Be smart and mature. Delegate early and relax.
So, why should an entrepreneur start succession planning early? What is the right time for an entrepreneur to start succession planning? Is it advisable to start succession planning early? What are some succession planning tips that are useful for entrepreneurs today, and that help propel enterprises into success and guarantee their future? Let’s take a look.
Now, seriously, I need to stop here. No recaps. No summaries. Just bye and swiftly!
With best wishes,
The Wise Entrepreneur