Good morning, everyone! It’s Friday!
Today I’m thinking about planning for the future. We plan for rain, we plan our meals for the week, and we even make long-term plans, like putting money into a 401(k). But sometimes things that should be planned for fall by the wayside.
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Like founder breakups: You don’t go into a relationship thinking it’s going to end, but that doesn’t mean co-founders shouldn’t have a plan for going their separate ways if they need to. Having a strategy early on can help alleviate any issues down the road.
It’s also a good idea to create a succession plan. When the time comes for you to step down, it’s essential that everyone is on the same page about what your successor should be like. That starts with defining what the role is now and what it should be in the future.
Thanks for reading, and see you Tuesday!
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