A couple of years ago, Dave Carson decided to transition out of his leadership role at Chem Group, a specialty chemical processing company he had built from the ground up. It was time to reap the rewards of his hard work and get a bit more balance in his life. But he definitely wasn't ready to retire. Like most successful entrepreneurs, Dave couldn't imagine going from 100 miles an hour to zero and he definitely wasn't ready to relinquish control of his “baby” – the company he had lovingly grown from a small startup into a multimillion-dollar enterprise.
It's taken you years to build your business – you've been at the helm for its successes, helped it recover from setbacks, and created an incredible legacy that you're proud of. So what's next?
You may be at a point in your life when you’ve started thinking about scaling back, maybe eventually handing over the reins to a family member or trusted employee(s). But how do you ensure that transition is successful – that it doesn’t just preserve your legacy,