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Can I Get a Big Mac With a Side of Succession Planning?

Last Updated: April 7, 2022
By: Hope
By: Hope

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for the opportunity in this review

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the different types of businesses they write about.
I have absolutely no relationship with this program, so you can rest easy knowing I’m going to give you my honest opinion.
This review is written based on my own experiences with this business model.

All that being said, let’s jump into things.

Can I Get a Big Mac With a Side of Succession Planning?

Management Monday: Managing Succession Planning

McDonalds may not be the business to ask about healthy eating habits, but they do know something about succession planning. They have come to understand the costs and mayhem that are repercussions of losing key roles in the organization. It is thanks to their succession development process that the sudden death of CEO Jim Cantalupo in 2004 did not leave the company shipwrecked without a captain. Charlie Bell, a leader from within the company was prepared to step into the CEO role right away, keeping the company on track. And even when he was tragically diagnosed with terminal cancer and resigned only eight months later, the company was equipped for the emergency with Jim Skinner ready to take charge. Had McDonalds not been prepared with a plan B and plan C, where would they be?

92% of organizations recognize that not having a plan is risky. Despite the proven success of succession plans at leading Fortune 500 companies, such as McDonalds and LL Bean, many companies still don’t have a plan in place.

What Prevents Companies from Creating Succession Plans?

  1. Not knowing succession planning is a viable option
  2. Board failing to prioritize succession
  3. Fear of budget limitation
  4. Failure to execute a plan correctly
  5. Neglecting succession training or resources
  6. Lack of time to put the plan in place

Succession Planning
Most of these obstacles are misunderstood or easily resolved. For example, the cost of hiring professionals to help develop an effective succession plan is far less than the cost of suffering from losing a CEO every five months. Below are some tips for organization’s to consider when it comes to succession planning.

3 Tips for Organizational Succession Planning:

  1. Recruit candidates whose goals align with company mission
  2. Foster leadership values in work culture
  3. Reward leaders and ensure they feel valued
  4. Never rush prospective leaders into their roles
  5. Outline clear policies and procedures for the succession process
  6. Consider having a back-up employee (or two) for every key company role at all times

Companies can implement these tactics with the help of expert internal Human Resources employees, or outside succession professionals. A good succession plan will leave every organization saying “I’m lovin’ it.”

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