Who Knows You?

π—ͺ𝗡𝗼 π—žπ—»π—Όπ˜„π˜€ π—¬π—Όπ˜‚?
To all the CEO / Owners / Leaders out there...
If you are planning to step away as CEO of the company, you need to make introductions sooner rather than later because if clients see you as irreplaceable (as in, β€œI am loyal to Smith & Rogers because I’ve known John Smith for over 20 years”) they may view your successor as a β€œstranger” and at that point they are equal to 𝘒𝘯𝘺 𝘰𝘡𝘩𝘦𝘳 β€œπ˜΄π˜΅π˜³π˜’π˜―π˜¨π˜¦π˜³β€ in the client’s mind.

In other words, if you don’t 𝘡𝘳𝘒𝘯𝘴𝘧𝘦𝘳 𝘭𝘰𝘺𝘒𝘭𝘡𝘺, then they will feel free to shop around to find a new [insert your profession here] just like you felt free to look for a new dentist when yours announced their retirement.

π—‘π—’π—§π—˜: This is especially important if you are not only the CEO but also the sole business development person.
πŸ‘†γ€°οΈπŸ‘†γ€°οΈπŸ‘†

This missive came about from a conversation I was having with a client last week.

π˜”π˜  client wants to wait until the last minute to tell 𝘏𝘐𝘚 clients that he is stepping down as CEO.

D A N G E R!!!

Think about it from the loyal client's perspective:

Why are you being sneaky about it?
You don't respect me enough to give me a heads-up?
What will this transition mean for me?!

YOU (Mr./Ms. CEO) have thought it through... but announcing it to your clients like it is no big deal will cause fear, anxiety, and even anger.

Trust me, there is an order and a process for transition, and part of that process is giving stakeholders an early heads-up.

I happen to be mentioning external clients here... but there are internal clients as well.

Don't undermine your well-intentioned transition by keeping it under wraps.

Nanette Miner