Since launching the Eternal Business Programme in December, we have had over 80 owners join our newsletter list and who are considering signing up. I have also spoken to many others over the last 18 months or so who are thinking about succession planning.
Over this period, I have heard many reasons why owners are not quite ready to start tackling the issues. These include:
- I’m not ready to give up control just yet
- The management team aren’t ready to take over
- I just need to work out my own plans
- I think the EOT is perfect for my exit, but I don’t plan to leave for a few years
Each of these reasons for not starting to prepare the business has something in common: they are all reasons why owners should begin the programme, not why they should delay.
Preparing a business for your exit takes time – years. You need to make yourself the least important person in your business. If you are not, how can you leave? The Eternal Business Programme is therefore designed to help owners and leadership teams prepare themselves and the business for the eventual exit of the owner.
In order to help owners to deal with issues that might be causing them to delay beginning work on the succession plan, we are offering a free ’Mindset Session’ for anyone who signed up to the cohort version of the programme.
In this session (up to 2 hours, either in person or via a video call) we will talk through issues facing the owner both personally and with regard to the business; discuss challenges facing the business; consider the strengths and weaknesses of the leadership team; indeed, discuss anything relevant to succession planning.