Succession Thinking
Description
Your business may be financially successful, but you are probably still central to too many decisions. And feelings of being stuck, overwhelmed or lonely are common. Succession thinking is an SME business-building approach to help you build a resilient organisation that can deliver long-term success while also increasing the value of your business. It is also an approach where you don't lose your entrepreneurial roots.
When you started your business, your core motivations may have been solving a specific problem and being your own boss. Or to develop new wealth-creation opportunities. Whatever your founding story, the journey develops and your motivations change. What do you now want your business to deliver, and for whom? This book provides direction for you as an Owner-Leader. You will learn how to:
- create and share your vision for your business
- build leadership that will last beyond you
- develop and embed your values into your organisation
- put the right people in the right roles
- monitor and store key business data
- get your partners, managers and team all rowing in the same direction
- take advantage of the opportunities and flexibility of running an SME.
Your business will be driven by investing in people, and you can challenge traditional power hierarchies and ideas that undermine sustained success.
More details
Person
Content
- Cover
- Title
- Copyright
- Contents
- Introduction
- The origins of succession thinking
- Who is this book for?
- Defining succession thinking
- Terminology
- What's coming up?
- Chapter 1: SME opportunities and challenges
- Introduction
- The SME Owner-Leader challenges
- The SME Owner-Leader opportunities
- Participating in the long-term SME economy
- Conclusion
- Chapter 2: Introducing succession thinking
- Introduction
- Succession thinking is not succession planning
- What is your Business Way?
- Trust is essential
- Conclusion
- Chapter 3: Principle 1: Seek role clarity
- Introduction
- Role clarity and relationships
- Role clarity supports effective growth
- Conclusion
- Chapter 4: Principle 2: Build your owners' vision
- Introduction
- Your owners' vision and decision making
- Multiple owners and an integrated vision
- Potential barriers to realising your vision
- Conclusion
- Chapter 5: Principle 3: Build leadership beyond you
- Introduction
- Distributing leadership
- Antifragile leadership
- Percolating your leaders
- Conclusion
- Chapter 6: Principle 4: Build culture beyond you
- Introduction
- Creating and embedding a values constitution
- Building cultural leadership
- Developing the team member journey
- Conclusion
- Chapter 7: Principle 5: Build your Business Way
- Introduction
- The Business Way components
- Your Business Way: Guidance
- Your Business Way: Teams
- Your Business Way: Team members
- Conclusion
- Chapter 8: Succession thinking: A case study
- Introduction
- Principle 1: Seek role clarity
- Principle 2: Build your owners' vision
- Principle 3: Build leadership beyond you
- Principle 4: Build culture beyond you
- Principle 5: Build your Business Way
- Conclusion
- Chapter 9: Succession thinking, business value and capital
- Introduction
- Succession of ownership
- Maximising the value of your business
- Access to capital
- SME stewardship and ESG investing
- Conclusion
- Conclusion
- Common scenarios
- Imagine .
- Glossary
- Part A: Generic terms and their context in this book
- Part B: Introduced/succession thinking terms
