
When a frustrated founder recently confessed, "I tried to develop a successor, but they tried to take over!," it revealed a critical truth: premature power struggles often signal delayed planning, not ambitious successors.
This is Succession Planning for Impact Pitfall #7: Failure to plan early enough.
This scenario mirrors Henry’s story from Succession Planning for Impact—a leader whose identity was so fused with his business that he couldn’t imagine it thriving without him.
Like 70% of businesses (Harvard Business Review), his company risked collapse because he waited too long to plan.
Why Successors “Rush the Throne”
Emergency Mode Mentality When succession planning starts late (e.g., Jake at 77), successors feel compelled to act urgently. When transition planning becomes ‘urgent,’ it’s often too late for a thoughtful handoff.
Bottled-Up Leadership Hunger Competent successors denied decision-making opportunities (like Jim in the warehouse) often erupt with pent-up ideas. Without gradual authority, they overcompensate.
Founder Identity Crisis Leaders like Don—whose face adorned all marketing materials—interpret normal succession steps as existential threats. Founders who fear losing influence, status, and relevance can paralyze transitions.
How to Prevent Premature Takeovers (& Power Struggles)
1. Start Early-Before You Think You Need To
Begin succession conversations decades before retirement (Step 1: Confront Your Fears)
Example: Scott’s fourth-generation family business leaders took intentional absences for hunting/fishing, creating “margin for next-gen leaders to develop skills.”
2. Phase Leadership Development
Think “runner’s boxes” in relay races (Step 6: Pass the Baton):
Delegate non-critical projects first
Allow controlled failures (e.g., Mabry’s successors learned through small missteps)
Gradually increase authority over 5-10 years
3. Build a Real Team, Not a Figurehead Board
Avoid the mistake of creating an ornamental board. Instead:
Include truth-tellers who ask hard questions (Step 2: Establish Your Team)
Rotate successors through roles to test competence (Step 5: Develop Leaders)
4. Reframe Your Role
Shift from operator to encourager-in-chief (Step 7: Finish Well). Your biggest role after passing the baton is to cheer on the next runner.
The Cost of Waiting
Hubert’s story is a cautionary tale: Buyers withdrew offers when they realized his $100M business had no team to sustain it without him. Contrast this with companies/entrepreneurs that:
Start succession planning in their 40s/50s
Build redundancy in key roles
Celebrate successors’ wins (like Hugh’s team, which adopted a mission to “reward every team member”)
Your Action Plan
Have “The Conversation” This Month Use Succession Planning for Impact’sframework:
Test Successors Early Let them manage a small budget, lead a project, or handle vendor negotiations.
“Your questions force the team to dig deeper for answers.”
Final Thought: Premature takeovers aren’t always about “disloyal” successors—they can be about leaders who waited too long to share power. As Succession Planning for Impact reminds us:
“You will either give up your keys by choice or have them taken by circumstance.”
Need help starting? Don’t let Succession Planning Pitfall #7 kill your legacy.
Email harryt@cultivatingimpact.biz with “Succession SOS” for a free consultation. Your legacy deserves more than a rushed handoff.
Harry T. Jones
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