There are two pieces to succession planning: financial planning and leadership development. Many astute entrepreneurs will consult a financial planner to help them transfer/sell their respective businesses to their heirs while minimizing the tax impact and maintaining control. However, leadership development is left to a system developed in the later Middle Ages - namely apprenticeship. It might make good television and it might be one way to teach a person a trade but it is not the way to develop a leader.
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