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August 7, 2015 Talkin’ ‘Bout My Generation (and a plan for Succession)

Talkin' About My Generation (and Succession)

I am a 4th generation auction professional.  My great grand-dad started our family business, J. P. King Auction Company, in 1915. This year we celebrate 100 years in the auction business.  Our fifth generation is working with us and I am so excited about this.  Sadie King is starting at the grass roots level to learn the family business.  Hopefully this 5th generation will continue our family business legacy.

One thing we are all guilty of is getting so deeply involved in the minutia of our day-to-day work that we never have time to work on the bigger picture.  I call this working “in” the business.  Though this is necessary and important, we need to also be sure to take sufficient time to work “on” the business.

As I reflect on our family business and its succession plan I also bring to mind that nonprofit organizations also need to understand the dynamics of the roles of their key players and have a succession plan themselves. Passing the mantle successfully is very important within nonprofits as it relates to sustaining funding and the maintaining of systems and practices of fundraising. This is the key to ensuring the success and survival of the nonprofit for years to come.

What is YOUR succession plan?

Who are you recruiting?  What volunteers do you have who are currently helping with smaller task but are fully capable of being brought in to the bigger picture of fundraising?  I suggest you identify these volunteers then bring them into the fold to “learn the business”.  Allowing these individuals to learn and grow with your nonprofit at a grass roots level and advancing them into the areas of their strengths can help your organization soar into the next generation and beyond.

Make every minute a revenue generating minute!

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