For many years this has been a drum I've been beating. I'm blessed to work with so many great founders and entrepreneurs, many of whom think they are bullet proof. Sadly they are not, nor are they always the best leader or CEO at every stage of growth, from start up to exit. I think it is irresponsible for any leadership team, board or investor, to not consider succession planning, for both the unexpected, like illness, to the expected, giving yourself time to look at what skills, and what type of person your business will need for the next stage of growth. You may need to add to, or change around your management and founding team. Be prepared, think of the future, plan to succeed, plan succession.