One of the many common traits of great leaders is they have a vision for their business and it includes a succession plan for themselves. They are positioning their business to succeed without them.
Though many entrepreneurs are great leaders, some are not by nature – but they can be. To be great, however, entrepreneurs need to develop that exit strategy.
It can be the most difficult thing for an entrepreneur to do – after all their business is their baby. Many times they built it from merely an idea. They built it with hard work, perseverance and ability to get others to buy into THEIR vision. When an entrepreneur is able to exit their successful business and succeeds without them, I think that entrepreneur has been a great leader.
What do you think?