Michael Downes的动态

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Office Senior Partner and Head of Corporate Finance in the North East

The final whistle has blown on another Premier League season, leaving a void in my weekends that even the most thrilling five day rain-effected cricket match can't fill. The rollercoaster ride of following Newcastle United, with its endless "ifs," "buts," and "maybes," is unmatched. But while I'm still basking in the afterglow of winning the "Better than Man Utd Trophy" ( ?? ), my mind has wandered to three other Premier League clubs: Liverpool, West Ham, and Brighton. They're all grappling with the same daunting question: succession. How do you replace a manager who has become synonymous with the club's identity? How do you ensure a smooth transition without derailing the progress that's been made? Rumors are swirling about appointments at two of these clubs, while Brighton, ever the meticulous planners, undoubtedly have a strategy in place. This brings me to a realisation that extends far beyond football: the importance of a succession plan for business. Over the years the topic of "planning my exit" comes up all the time in my conversations with business owners. Crafting a succession plan is rarely straightforward. It's a complex puzzle with countless variables, many of which are beyond our control. As the new season kicks off, it'll be fascinating to see whose succession plan proves most successful. And hey, maybe a little healthy competition will push all three clubs to even greater heights (as long as it's behind Eddie's Mags!)

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