143. What is Succession and Why It’s Important

January 17, 2024
Daily Influence
Daily Influence
143. What is Succession and Why It's Important

Typically, succession in the business world applies to passing a company down through generations or onto someone close. That is not how we approach succession. 

Succession is any transfer from one party to another, and it should be something that is thought about day one of an organization. What do I ultimately want from this endeavor?  

Planning early for success will also help build a good business foundation for growth, management and eventual fulfillment of your ultimate goals.