Coach Pete discusses the difficulties of having a leader who won’t let go of the family business.
A viewer writes in regarding his father, who talks about letting go of the reigns but never gives a time frame on when that may happen. Coach Pete calls this “succession’s first hurdle.”
Coach Pete encourages you to ask some important questions that can help encourage your family business leader set a timeline on when the succession process will begin. These questions include “Could we discuss a 5-year window of time in which you think you may retire?” “Am I a possible candidate for your replacement?” And a few more.
As always, Coach Pete encourages you to lean on him for support and play to your potential!