No matter what size your business, you need a team of people to help you.
That leaves us with Succession Planning. Normally that implies having someone to succeed you in business. In the corporate world, you won’t be able to be promoted unless you develop someone to succeed you. If you own a business, that can increase the value of your company should you choose to exit. It means you have developed a good management team and they are ready to run the business. That can give you more time to yourself for other pursuits, or it can give you more money as you exit the business. But, I’d like to reframe Succession Planning because I think it’s something more. . . .
No, I’m not sending out a warning that a Ford brand vehicle is up ahead. Normally the term is “forge ahead” meaning to move forward, slowly and steadily. Certainly that is something you want to do when fording a river or stream at the narrow and safe path. But, there is another place where you need to move slowly and steadily toward a goal. That’s when you are moving to develop trust with another person — be it your partner, your child, or a client. In that case, consider using FORD on that narrow path. I mean using the FORD method of getting to know someone, where FORD is an acronym for . . .