Handing Over the Reigns is a must read for anyone who is contemplating passing their business on to the next generation.
This book is based on Richard’s experience in a 4th generation 100 year old family business and from the work he has done with many other privately held companies in the UK and USA. Key takeaways are:- How to get clear on what a successful Succession Plan looks like for your company
- Why having a Pre-Plan maximizes your chances of a smooth leadership transition
- How to develop a credible "short list" of qualified successors
- The importance of creating a meaningful role for the former owner/leader
- How to cultivate a team of "A Players" as your Advisory Council