Succession Secrets

Succession Secrets

By Steve PredaBusiness
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Succession Secrets episodes

  • 013 - Your Succession is Success

    Welcome to Episode 13 of the Succession Secrets Podcast, where we're all about teaching you how to grow, groom, and graduate from your business in just 7 minutes a day! Today we will be discussing the importance of succession for your success. I believe that everyone should be working on succession at all times, because it means that you are creating more value, and becoming a more valuable person.


    Most ambitious people are continuously looking to grow in self-development, to become more effective and be more successful. Succession allows you to keep your work stimulating and exciting by always introducing a steep learning curve. It also allows you to leverage others and pass your knowledge on to them as you promote yourself to keep growing and building your business. Remember, succession never ends and it is a huge driver of growth and development. So how will you be incorporating succession for your success?


    Key learning points from this episode:

    • Successful, ambitious people always seek to grow personally and avoid the learning curve plateau by implementing succession into their business.
  • Succession allows you to leverage the skills sets of others; as you teach others to do your job, you can leverage their time to work for you.
  • Implement succession into your business to build in excitement and new challenges in order to avoid burning out or perhaps becoming stagnant or ‘bored’ with your work.
  • If you want to build a successful business, you cannot do it alone; create opportunities for others through succession by attracting them to an exciting, growing company.
  • In business, momentum is everything. Trending and growing in leaps and bounds with succession, will allow the momentum itself to attract greater opportunities.
  • Succession is the driver of growth and development, and an incredible strategy for creating more value and growing your business.


    • Your Next Action Step

    As you are growing your business, I want you to think about this question: “In what areas are you creating succession for yourself or the people around you?”

    Remember to leave your comments about this episode below, and I look forward to connecting with you.

    ©

    10 min
  • 011 - Managing the Business Doesn't Make it Yours
    Why intrapreneurship is bunk. How I got fired as an "intrapreneur" and what I learned from the experience. Business leaders that are frustrated with owners that hold them back and the options they have to move forward in this situation.
    7 min
  • 010 - Vulnerability in Peer Groups
    I am reporting about my Vistage Chair Group event. A discussion of vulnerability, what it means and why it is important. How is not being vulnerable a weakness and an opportunity.
    7 min
  • 009 - Succession in the Broad Sense
    The narrow definition of succession is passing the baton as a seller, retiring CEO or a serial entrepreneur. The broad definition is to always be in succession mode. Succession to me means keeping the learning curve steep and always looking to graduate to the next higher level of leadership or life-fulfillment position, wherever you are. I don’t care if you never want to sell the business, won’t retire or will live forever. For every organization to grow, there must be upward mobility for the people in it. Your employees will only grow to the extent there is room for them and the good ones will not even join your organization without the prospect for rapid advancement. That means that everyone will have to constantly be thinking about working themselves out of a job and coaching others below them to grow into their jobs.
    8 min
  • 006 - Driving to My Vistage Group
    In this episode I take you along for the ride.  En route to a Vistage meeting I tell you about how a typical meeting works and how powerful it is in helping CEOs solve their challenges and make better decisions.

    6 min
  • 005 - How to Have a Good Idea
    The way to have good ideas is to have many ideas.  Listen to my thoughts about how being prolific in ideas and experimentation help you come up with groundbreaking stuff.

    6 min
  • 004 - Choose Your Own Boss
    In this episode I talk about why you can and should choose your boss. Listen to my story of compromising this principle, the fallout and what I learned from it.

    6 min

About Succession Secrets

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Daily bite-size life lessons and insights, from Succession Coach, Entrepreneur, former Investment Banker and Father of Four. Visit Us: https://entrepcoaches.com