Many SME companies we meet have a clear vision of what they want their revenue and profit to be in 5 years time but haven't really considered what their team needs to look like to deliver it. A lot of SME companies recruit as they go and at some point the owner / CEO realises that they don't have any internal talent to drive a successful succession plan thus making their business vulnerable and dependant on themselves.
Please make your succession planning an integral part of your commercial strategy and ensure you recruit employees that align to leadership development and able to deliver your growth strategy.
Finding the next great leader of your company is one challenge that every major business leader faces. The search involves too many variables that busy leaders often struggle to find time to consider. The result is often a dysfunctional process that can lead to giving the wrong candidate the job. Fred Crosetto, founder and chief energizing officer for AMMEX Corp and AMMEX iSupport, successfully removed himself from daily operations by developing smart, effective leaders in his company. Crosetto's strategies have allowed him to successfully groom his replacement CEO and complete the transition in less than two years.