You Can’t Replace Yourself with Yourself, How To Rethink Next-Gen Leadership

When it comes to succession, are you searching for a clone or the right complement?

In this video, Tyson Ray and Kim Cochenour unpack why the best successors don’t look just like you but bring different strengths that make the business stronger.

From mentorship to letting go of control, they share real-world lessons on how to make succession a smoother, smarter transition.
● A common mistake Tyson has seen many advisors make is looking for that one person instead of a couple of people with interests, skills, and talents in different areas.
● Tyson goes over the reason why he was looking for a caretaker rather than a rainmaker for his business.
● As Kim puts it, “It’s really bringing in your compliment, not a clone. Your successor doesn’t have to do it all the way that you did, but they have to do their part really well.” And that’s where mentorship comes into play.
● Remember: Letting go isn’t easy but can yield big rewards for you and your business.
● Your thought for the week: Who on your team could take one thing you’re still doing that you shouldn’t be?
http://TotalSuccession.com
https://TotalSuccession.com/podcast
FORM Wealth Advisors - https://FORMwealth.com
Tyson Ray - https://FORMwealth.com/tyson-ray
Kim Cochenour - https://FORMwealth.com/kim-cochenour
Dan Sullivan - https://www.strategiccoach.com/coach/dan-sullivan
Previous episode - Always Be Ready to Sell: Why Scott Danner Built His Firm for Exit - https://youtu.be/7bGa9GMwfHk
Previous episode - Succession, EOS and the Power of a Plan with Andrea Schlapia - https://youtu.be/dPS2s_n_hko

00:00:00 Start
00:50 A Key Succession Question
01:22 Why Focus on a Complement, Not a Clone
02:03 The “Mini-Me” Trap
03:35 Hiring a Caretaker vs. a Rainmaker
07:04 The Operational Side of Succession
07:52 What You, as the Founder/CEO, Need to Realize
10:30 The Role of Mentorship
14:01 What Your Successor Need to Be
15:41 Succession Preparation Mistakes When It Comes to People
18:07 Letting Go and Sharing Responsibility
20:06 Final Considerations
#career #lifecoach #selfimprovement

Видео You Can’t Replace Yourself with Yourself, How To Rethink Next-Gen Leadership канала Total Succession