Coaching entrepreneurs on succession planning.

The essential reasons for hiring a coach in relation to succession planning are:

• For a founder or long-time leader of a company, it is hard to let go.
• Trust in the junior's or successor's abilities is often lacking due to their perceived lack of experience.
• The founder or long-time CEO does not believe that the successor can understand the complexity within the given timeframe.
• Regular interference leads to atmospheric disturbances in the relationship.

The essential goals goals a coach sets themselves in relation to succession planning are:

• To reduce the founder's uncertainties regarding the succession process.
• To ensure that the founder continues to receive all necessary information for an extended period to alleviate their own uncertainties.
• To develop a platform where the founder and successor can mutually benefit from each other.
• To develop guidelines on how the founder and successor should interact with each other.