Recently, a good friend of mine (Allison) and I were chatting about the upcoming holiday season. Typical to these conversations, we were commenting on how hectic this time of year can be – an endless circle of shopping, cooking, decorating and attending social gatherings. Now don’t get me wrong, I love all the “chaos” that comes with this time of year… we were just taking note of how exhausting it all can be.
Then Allison caught me off-guard with her comment about having to learn how to bake cookies. You see, her grandmother (the matriarch of her Italian family) was responsible for making at least a half-dozen homemade cookies from recipes that had been in the family for generations. But, as everyone does, she is getting older and does not want the Christmas cookie tradition to stop with her. As the oldest female grandchild, Allison was selected to carry on the tradition when it becomes necessary. This is very important to her grandmother… and to her.
It’s funny, in a way, that Christmas cookies would prompt such careful planning for the future – but one’s business, on the other hand, does not (enough). Thinking about all the “what ifs” of succession planning can be an overwhelming and scary experience, but you have to ask yourself: what will happen to your business after you’re moved on to something else?
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