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Hand over the wheel of success to the next generation, 3 reasons why? (Lesson 6 Revised) 27 days

The success of one generation is often the hinderance of the next because they won’t hand over the wheel.

I’ve come across way to many successful individuals that struggle to pass on their entrepreneurial spirit at the right time. They hold on to their success like it’s the end of the road.

We are all temporarily custodians of success and legacy is created by passing it on to the next generation at the right time.

If succession isn’t correctly planned, each generation, respectfully or rebelliously feel they must go against their own mentors, fathers, mothers, leaders in order to find their voice for their generation.

Three absolutes in succession planning.

1. Be prepared to let go and allow the next generation the freedom to discover truth for themselves.

This allows every generation the beauty of an authentic voice rather than become a copy of the previous generation.

Letting go doesn’t mean staying out of the game but rather handing over the reigns and guiding the next generation with trust at the heart.

2. Teach them principles early in life and don’t harp on about the methodology.

Nothing kills succession better than turning a methodology into a sacred cow. Methodology is forever evolving, principles are constant.

It’s even a temptation to hide behind a methodology that worked to bring success in one generation. This then becomes the platform to critique and judge severely the next generation into submission and making them sterile.

If we teach the next generation how to use a compass rather than just following a trail, they’ll find their way.

Principles help the next generation carve new trails of success.

3. Be ready for their return and enjoy their success, never compete

Any healthy understanding of leadership acknowledges that the end game is to equip the next generation, not hinder it.

The next generation may have to go it alone for a season while they figure out their voice, but they will return.

The next generation must develop their own sense of ownership in order for succession not to be wasted.

In any rally race, it’s that moment of passing on the baton or handing over the wheel that’s critical.

It’s time to let them lead.

If you are interested in a chat, message me on WhatsApp or email me direct on tom@smilovitis.com and we can arrange to meet if you’re in Perth, Western Australia or zoom chat anywhere in the world.

Who knows what light could come from a chat?

 

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