If your business is not focused on leadership development, then you can be assured that your business is bound for failure.
In the business world, leaders mean everything.
I can’t tell you how often I see a business fail because it has not invested in leadership development. When a business first starts, the man who started it is often a great leader. The business will thrive under this form is leadership, but unless the current leader develops the next generation of leadership, the business is bound to fail. So often, once the business is passed on to the next owner, the business quickly fails. That is because the business has never truly appreciated leadership development. If you truly desire a multi-generation business, then you need to spend some time truly building and investing in leadership development. If you ever plan for your business to grow, you also need to work on leadership development. One man can’t do all of the work, and unless you develop more leaders, your business will eventually bottle-neck. Sometimes, leaders are scared to develop more leaders for fear that they will never be able to do anything right. Rather than training new leaders, they take all of the work upon themselves. However, although this may work at the beginning, a lack of leadership development will definitely destroy you in the end. You will never thrive without confident leaders in your business that are able to lead things themselves, and you will never have that unless you develop these leaders. If you haven’t begun investing in leadership development, then you need to start now. Your business cannot afford to live without it.