Prepare your successor to succeed

It is human nature to focus on the here and now — relegating the future to the back burner. However, when it comes to operating a business successfully over the long term, it's critical for leaders to choose and groom their successors effectively. While identifying the right talent and selecting someone who has high potential and can assume a key leadership role is essential, it is not the most important step in the succession process. Ensuring the success of your future choice is far more critical to your company.