"The founder's job is to and it's, actually, they're the only person that can do this job. They have to start thinking about, gosh, am I ready to slow down? Am I ready to let go of the reigns?" - Ed RobertoIn this episode, Ed and Adel talk about:The essential playbook for grooming the next generation of leaders for your business.Why you must select a successor based on the future skills the company needs, not just tradition or family ties.A deep-dive case study on the Coors Brewing Company and how they successfully used outside professional talent to train family members.How a business evolves over generations, and the new risks you face after going public, like activist shareholders.Chapters / Show Notes:00:00 - Introduction00:45 - The Challenge of Grooming a New Leader01:30 - Why Succession Planning is So Difficult02:30 - Choosing a Successor: Skills vs. Family Ties03:15 - Case Study: The Coors Brewing Company Playbook04:30 - The Real-Life Drama of Family Business Succession05:10 - How Businesses Evolve: From Coors Beer to Coors Tech09:00 - The Trap of a Single Owner: Activist Shareholders10:15 - Real-Life Drama: The Redstone Family (Viacom, Paramount)Listen, Watch & Follow:🎧 Listen on Spotify & other platforms: [Link to Your Spotify]🔔 Watch on YouTube & Subscribe: https://youtu.be/TWCrqSXP7O0Instagram - https://www.instagram.com/mentor.ed.podcast/LinkedIn - https://www.linkedin.com/showcase/mentored-show/Learn More:SAUS here: https://sausleadership.com/Ed Roberto's Profile: https://www.a8innovation.com/our-team/ed-robertoAdel Hameed's Profile: https://www.a8innovation.com/our-team/adel-hameedThe MentorEd Show is an A8 strategy Original Podcast.