Business Growth, Exit or Succession : Mentor & Advisor to Business Owners & Leaders : NED : Speaker : Former MD for 17 yrs : Family-Owned Business Expert : The Business Owners' Club
I've got two challenges here." said Nick Cox, Manchester United's Academy Director. "I've got to try and land them in the first team; if not, I've got to try and get them a career". 249 academy footballers have made the first team at Man Utd. I wonder who will be the 250th? The article in The Times at the weekend, really resonated. Developing your in-house pipeline of skills, knowledge and talent... Is as relevant to YOUR BUSINESS as it is to Sir Jim Ratcliffe and Dave Brailsford. And whilst we may not be able to invest in a full-blown Academy set-up - we can replicate many aspects of what Nick Cox has built at the club and will continue to improve with the new ownership. If it isn't on your horizon yet... don't leave it too late. It takes TIME more than money, to develop a continuous pipeline. Connect with schools, colleges and local training organisations. Make your business known. Develop a solid training plan and method. Buddy up apprentices with your top team players (who may have retirement on their horizon). Get started. You may be needing a graduate to the First Team sooner than you realised!
Making your business known, great reminder that whilst its easier to sit behind the screen, we need to get out there and actually get known 💕
Mel, so true! Investing in talent early pays off long-term. How does your organization approach talent development? Alex Belov
Succession planning!! A must for all businesses planning for long term success 👏👏
We have even more in common!
Brilliant advice (as usual), Mel. People make a business but it is one of the most challenging aspects of running one! Starting those conversations early and opening your doors to the next generation is a brilliant approach.
Supplying the finest diamonds to Luxury Brands and Retailers | CEO at Choron Group | Forging deep relationships with our suppliers while delivering exceptional customer service to our clients.
6moAbsolutely Mel! Succession planning can be like managing a sports team. Especially as our team could get injured, leave or retire at any time. Agree, we have to have a succession plan and start building people up in the company or acquiring new talent, which yes, can be time-consuming but it is so worth it for the future long term success.