Thursday, April 4, 2019

What does succession mean?

Defining BOOM

Succession means a series, a cycle, an order, a continuation. Business succession is that but not necessarily through bloodline or inheritance. Because even if its family various laws make it impossible to just GIVE a business to anyone, including family. They must be purchased somehow. Now I am purposefully not going to be discussing “put you to sleep“ tax and legalisms in Ownership Ladder. There are plenty of tomes out there to bore the life out of you. If I start writing one of those, well, kill me now.

Succession also does not mean what larger organizations mean when they are looking for a new senior executive. In that context they say succession, but they are recruiting, and usually by committee, to hire someone new.

Succession in our sense of the word will be downloaded to you. By the end of this book you will have a clear picture in your mind of your own captivating future.

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