Rod Young of DC Strategy believes the proprietor or CEO of a business should move on after 5 years. Too many founder/entrepreneurs believe they're irreplaceable and don't hire anyone to succeed them. They should move into an advisory capacity, continuing to provide the benefits of their experience while relinquishing their hands-on role. New blood and fresh thinking provide the opportunity to refresh and expand the business.
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Rod Young of DC Strategy believes the proprietor or CEO of a business should move on after 5 years. Too many founder/entrepreneurs believe they're irreplaceable and don't hire anyone to succeed them. They should move into an advisory capacity, continuing to provide the benefits of their experience while relinquishing their hands-on role. New blood and fresh thinking provide the opportunity to refresh and expand the business.