I can’t tell you how many potential successors tell me they are ready to take over the family business today. But they’re not. I should know – I was one of them. You may have many of the necessary skills, all of the excitement, and passion but be lacking a few critical skills.
At any rate, one of the best ways to find out where you are in your development is to participate in 360° feedback.
To get your mind around 360° feedback and how to do it right, we have a short video here.
Many families utilize the expertise of an outside facilitator to help with the process. A skilled facilitator can help the participants sort through the feedback and make the most of it. For those families wanting to take the do-it-yourself approach we offer free templates here.
Being ambitious and wanting to lead the family business is a great dream. Being willing to solicit both positive and performance improving feedback from your key stakeholders is the stuff greatness is made of.
Play to your potential!