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ARTICLE · 24 NOVEMBER 2015

Business succession planning: A lesson from the mighty All Blacks

Outline the plan, provide a timeframe and allow your team to contribute, as they will be responsible for implementation.

AustraliaStrategy

Imagine spending a week sprawled on the couch watching the Rugby in HD... while leaving your staff to their own devices. Would your business keep running? If the thought inspires panic, this article's for you. (Especially because it features a surprise cameo from the All Blacks. We pulled a few strings).

We're offering up the secrets (thank you James Kerr for imparting this knowledge in the excellent book "Legacy". A must-read for all entrepreneurs and business owners) of building a business that stands alone; even when you bow-out. Because eventually, you'll want to. Selling up and sailing into the sunset is the goal, right?

But unless you have a (smart) business succession plan, the company's value relies solely on you. (And that's one sail that will, whether you like it or not, deflate). That's why creating a robust, self-sustaining business is a must. Starting with your team.

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