Grooming a successor for your business takes time (Photo: Shutterstock)In my town between March and June last year, we witnessed the closure of the biggest supermarkets. Grooming a successor for your business takes time. According to author Ndirangu Ngunjiri, overlooking loyal employees and elevating family members to higher positions can result in conflict and resentment. A family member may succeed you as an obligation, but not as something they really want to do. A family member may also be the best person to continue with wealth creation because the family depends on it.

Source: Standard Digital January 05, 2021 05:03 UTC