If you’re considering a professional partnership succession, you will want to start by separating the “pigs and chickens” within your firm.
Who are the pigs and chickens?
Pigs are truly committed to the process of making bacon – pigs have “business owner mentality.”
Chickens are important, but they’re merely involved in the process of making eggs – chickens have “employee mentality.”
Those with employee mentality don’t want the risk but do want to be motivated & rewarded.
Those with a business owner mentality will take risks in exchange for an additional reward. Essentially, equity ownership excites them.
How can you determine who are the pigs and chickens within your firm to prepare for a professional partnership succession? Find out from Paul Latham in this week’s LIFT episode.