The Coach's Corner

Posts Tagged ‘future planning’

What happens if you get hit by a Buick or a bus?

May 28th, 2012 // Tom Doescher //

A lot of people seem to think that they are going to live forever. But just in case you don’t, do you have a plan? We have advised so many business owners on this subject, and have noticed a distinct trend. Typically, they will say, “I don’t know whether I want to sell or continue the company.” To which we respond, “Either way, you are better off if you have a potential successor in mind.” Identifying a successor can be very difficult; in fact, it may take a few tries. But once you find someone, you can focus on what we discussed last week — being involved in creating and developing new products and services. You won’t believe the pressure it will release once you know there’s a definite plan for the future. You’ll lift a huge burden from your shoulders, which means you may even live longer. So, why not take the risk?

The Advisor’s Corner

Tom DoescherYou’ll find stories from the trenches, business lessons, and pertinent questions to help you find inspiration, professional growth, and leadership savvy.

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