5.0 Key risks to the business are reduced through Succession Planning | Made to Thrive 28/34
Welcome to video 28 in this series of 34 two-minute videos detailing the key concepts in my new book, Made to Thrive.
Made to Thrive outlines the five key roles that a leader must undertake in order to transition from being a good leader to being a great leader.
Those five roles are: Accountability, ambassador, culture, strategy, and succession planning.
Today, we’re talking about succession planning. And in particular, 5.0 key risks to the business are reduced through succession planning.
One of the great frustrations of business is working really, really hard to make a profit one month and then the next month, making a loss and then over the course of the two months, only breaking even.
One of the keys to making and sustaining profit consistently and maintaining growth consistently is succession planning.
Making sure that in circumstances throughout the business, you have a plan B.
This consistency is through the people you employ, the products and services you sell, the suppliers who support you, and the investment decisions that you make.
The problem is that succession planning isn’t sexy. Culture, for some people, is sexy. Strategy, for some people, is sexy.
Ambassador, for some people, is sexy, and building an accountability framework, for some people, is sexy.
But succession planning isn’t sexy. But your job isn’t to be sexy, you’re not a catwalk model or a rockstar, you’re a leader.
And the job of the leader is to produce results and to produce growth consistently.
Part of your job is to deliver growth and to deliver results consistently.
If you’d like to learn more about Made to Thrive, you can watch all of these videos on YouTube or you can buy the book on Amazon. I’ll put the links below for both of those.
Learn where to order Made to Thrive below