|The importance of having a fully functioning parachute when jumping out of a plane is obvious. During the Second World War the casualty rate amongst paratroopers in the 501st Parachute Infantry Battalion (PIB) dropped dramatically when the paratroopers were required to pack their own chutes. Today, the recreational skydiver, as a rule, does not make a jump unless the parachute they are using is one they have chosen and packed themselves. Pretty sound stuff. There is no way for one to feel in control of a situation unless one really is in control.
The business owner is the type of person who very much wants to be in the ‘cat-bird seat’ while running his or her business. When it comes to planning strategies to leave the business and transition control to a successor the business owner as a group has not ‘packed their own chute’. Less than 30% of business owners do so. In some respects planning an exit strategy can be likened to jumping out of an aircraft. It can be a frightening thing to do. Faced with the daunting task most business owners take the easy way out. They do nothing. They don’t jump.
Can we help you pack your own chute? Want to earn a Geronimo pocket patch like the PIB? To get started on earning your own pocket patch download and complete the attached questionnaire or contact us for a no obligation discussion.