Don’t let “founder’s syndrome” impede your succession plan

Many business owners who founded their companies suffer from what’s referred to in the nonprofit sphere as “founder’s syndrome.” This is when the founder maintains a disproportionate amount of power and influence over operations and actively resists creating a succession plan. Fortunately, the condition is treatable. First, you’ve got to start creating that succession plan now. You also need to begin preparing for the transition by documenting your knowledge and experience, as well as involving your management team. We can help you through the process.