Dotty Scott discusses succession planning with a business partner or number-two. The speaker urges owners to explain their reasoning and approach so a backup can run the company if they're absent, maintaining continuity through mentorship.
If you have a partner, post the subject, "If I'm not here, how would you run the company?" And because I'm gonna tell you how I wanna run the company if I'm not here. Have that conversation with your partner or whoever is your number 2 person, the person who will be the backup on a rainy day, but maybe long-term as well. You might be grooming somebody to— if you want to go off and start a new company, a whole different part of your brain could easily mentor somebody into the position and mold them, if you will, in the way you want things done. There are different ways to do that rather than have them think, okay, I'm going to come in that Monday morning and we're going to do things my way. They will have heard your reasons why and seen you in action And why reinvent the wheel when there's already a plan in place?
