While not everyone in the organization is destined for an executive or senior leadership role, there are still many opportunities for employees to develop their leadership skills. Coaching and developing employees to become better leaders is not only essential to overall business growth but key for development and career pathing. Continuing a business beyond one generation of leaders also requires extensive planning. Devising a formal plan, which outlines who will own, operate and help lead the company, is a critical decision that has a direct impact on long-term business profitability.
