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The surprising business lesson you can learn from the royal baby's birth

by , 23 July 2013
The Duchess of Cambridge (aka Kate Middleton, wife of Prince William) gave birth to a healthy baby boy yesterday. It's impossible to escape the news of the royal baby, even if you're not a huge fan of the royal family. But did you know there's a brilliant business lesson in the royal baby's birth that can make a huge difference to your business...

The BBC reports that the royal baby was born yesterday, and there are plenty of traditional plans already in place for the little boy's entire life. From christenings to college, many of the little one's future moves have already been planned – and he hasn't even been named yet!

But there's a brilliant business lesson you can learn from this…

It's never too early to start grooming your protégé

No matter what stage your business is in, you must start thinking about succession plans when your business starts to grow.

If you're unsure about how to find a protégé, don't worry. They might be right under your nose. Of course, unless someone is incredibly overqualified for their current position, you may not find a ready-made right hand man (or woman) in the lower rungs of your business.

You need to look for someone with the potential to move up and be more useful. And you need to start looking for this person today!

Here are some ways to spot high potential employees…

The Practical Guide to Human Resource Management suggests looking for these telltale signs of a high potential employee:
  1. The high potential employee has a lot of energy. Everyday tasks don't bog her down.
  2. The high potential employee takes responsibility for their actions. He doesn't play the blame game when something goes wrong.
  3. The high potential employee takes every opportunity to learn. She actively seeks out new information and skills.
  4. The high potential employee is a problem solver. He doesn't just report problems to you, he thinks about solutions too.

Once you see a high potential employee in your business, assess their skills, competencies and interests. If they're a close fit with your own, you may have found a protégé you can start grooming for succession.

Don't put this off until changes are imminent and you don't have time to give your protégé the skills they need. If the royal baby is groomed for leadership straight out of the womb, it's never too early for you to spot a high potential employee and turn them into your business' greatest asset.

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