59. Mark Cole: Successful Succession Planning
Turnover is an obstacle every business experiences, and it’s no exception at the top. A sound succession plan can determine whether your business lives on or dies with your departure.
Mark Cole, who recently became owner of The John Maxwell Company after a 13-year run as its CEO, shares his takeaways from taking over an enterprise of seven multimillion-dollar organizations — and following one of the world’s most iconic gurus in that role. Listen and you’ll also learn why:
- Successful successions start with founders thinking legacy and seeing the bigger picture.
- Being productive is more important than being popular as you climb the leadership ladder.
- It’s important to publicly affirm your successor for their style (not how well they emulate yours).
Whether you’re a successor or the one handing over the reins, Mark’s insight can help ensure a smooth transition. Don’t miss this episode!
The Business of Advice is provided for informational purposes. Producers are responsible for the use or implementation of the ideas and strategies shared and must be aware of all applicable compliance requirements; including those of any broker-dealer or Registered Investment Adviser with which they may be affiliated, the insurance carriers they represent, federal regulations and state regulations.