Succession planning: the importance of planning earlyMakarand Vaidya
Yash, have you thought about who will run your business after you?”
“Are you serious? I just started this business a few months back. I have a long time to retire. Why should I worry about it just now? ”
“Yes, but you want to scale it big, don’t you? Do you think you alone will be able to manage it?”
– Succession planning does not mean that your successor will take over your position today.
– It is not required to have two people working on the same objective for redundancy.
– Succession planning is not only for the founder, but it also applies to every person who is in a critical position.
– In a small and growing organization, every person is critical. Right?