I’ve always considered myself to be reasonably young
looking and in good physical shape for someone my age. I go to the gym
regularly, eat cleanly and can never make it to the end of Monday Night
Football without falling asleep.
But sometimes reality of your internal chronometer smacks
you squarely in the face.
Case in point.
Last week I was in the waiting room of my doctor and
noticed among the stack of un-interesting publications he routinely subscribes
to, that 80s pop star Cyndi Lauper was on the cover of AARP magazine.
I did an immediate double take. But there she was in all
her red headed glory on a publication geared toward the 50 and older crowd. For
those keeping score at home, Ms. Lauper is actually 63. Let me repeat that for
emphasis, 63.
I mean, it wasn’t all that long ago that “Girls Just Want
to Have Fun" and “Time After Time” were at the top of the charts.
Or was it?
I don’t know whether it was reflexive or desperate, but
as soon as I returned home I phoned my financial planner to get a status report
on my portfolio.
Too bad the accelerated pace at which the years pass by
doesn’t always register with some.
Again case in point.
I was at a CPA
firm in the New York area where the managing partner was 66 and declared that
he wanted to work full time for at least 5 more years.
Ok fair enough. But his problem was that he had no one on
his bench to assume the leadership reins so his succession plan would lie
externally via a merger.
He assured me five years was too soon to begin setting
the transition table so to speak and told me to revisit this next year. Despite
all my arguments and protestations to the contrary and a painstaking
explanation of how five years was, for most practitioners, just five in-person
client visits, he remained unmoved.
Sometimes there’s nothing more you can do to demonstrate
the pitfalls of succession procrastination. I even contemplated bringing the
AARP magazine as prima facie evidence
of how quickly it passes you by.
Still it had the effect of rearranging the deck chairs on
the Titanic.
There’s not a lot of certainties in this line of work,
but one thing’s for sure, the above firm owner will hardly be the last one to
refuse to come to grips with the reality of aging. There will be lots of others.
Time after time.
No comments:
Post a Comment