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Succession and Leaving a Legacy

Succession and Leaving a Legacy

One of the biggest challenges facing small business owners in Australia is lack of succession. Succession in business is all about leaving a legacy!

“There is no succession in business without developing successors.”

The key to creating succession in business through leadership is to take seriously the cultivation of successors. Produce leaders rather than attracting followers.

The four aspects of shaping a legitimate leadership legacy:

1. Character

2. Choices

3. Conduct

4. Consequences


Character – Being and becoming a moral example

The two words most commonly linked to character are integrity and honesty. Integrity involves being true to oneself, while honesty means being truthful with others. Each involves being real not fake, genuine not artificial, transparent not deceitful. It takes courage to have full integrity!

Choices – Thinking clearly and making wise decisions

Careful decision-making requires a sense of right and wrong rooted in character. To make the right decisions consistently, we can’t let external influence or peer pressure cause us to do something wrong when our internal conscience is telling us to do what is right. To violate conscience undermines our self-respect and also our confidence as leaders.

Conduct – Doing the right things consistently well

Conduct is defined as “a mode of personal behavior.” Only individuals can behave. The conduct of a company, government agency or sports team is a reflection of the conduct of the individuals making up the organisation. To shape the conduct of the individuals who follow us, we must be able to hold them accountable for their behavior. But first, we must be held accountable ourselves. As leaders, we set the tone for the conduct of the individuals in our organization.

Consequences – Receiving the results of seeds that we sow

The success of your day is based on the seeds that you sow, not the harvest you reap. Too often, leaders bypass the process of sowing seeds in favor of shortcuts for results. Sadly, the end begins to justify the means, and principles are tossed out for more expedient behavior.

We spend our day either preparing or repairing. Preparing allows us to focus on today, while repairing forces us to clean up yesterday. Preparing invests for the future, repairing pays down past debts. Preparing increases efficiency, but repairing consumes precious time. Preparing increases confidence, while repairing breeds discouragement. Cherish each day to grow and develop, and avoid making mistakes which will return to haunt you. Remember: the secret of your success at succession is determined by your daily agenda.





Succession and Leaving a Legacy - To learn more about this author, visit Geoff Flemming's Website.

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About The Author


Geoff Flemming
(Visit Geoff's Website) 5 years experience as an organisational and performance coach working with a range of small to medium organisations. Two facts of Business Transformations - Strategic and Organisational. In the last 16 years Geoff has had extensive experience running a range of small businesses. His previous business, SME Solutions has been expanded nationally and is enormously successful. It is still run by Greg Carter. Prior to that Geoff was a partner and Director of Total Business Solutions, an agency owned by Geoff and also Peter Coulson and Darrell Hardidge. Since then both Peter and Darrell have moved onto other very successful ventures. Geoff's experience in working and coaching business around Australia ranges from engineering and fabrication businesses, to manufacturing, distributuion, importing and service businesses as well as retail including large nurseries, salons and restaurants. Geoff has a passion for leadership and organisational development. His presence in leading, coaching and inspiring is well known and he is quickly developing into a well known and sought after speaker.

Geoff Flemming is a Gold author on EvanCarmichael.com
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