Business Growth is one of the core foundations for succession planning. Although it is assumed succession planning is only about exiting or retiring from the business, it is in reality planning that provides solutions to overcome the possible, probable, and potential issues that impact your vision. We celebrate succession planning because it transforms your vision into reality whereas exit planning ONLY considers the process of you leaving the business through sale or transfer.
Listen in to this discussion with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment Banking, and our own succession planner, Loyd Rawls to hear how you can get your business ready for acquisition and establish a strong succession planning foundation.
For more on this topic, check out the other episodes:
- Looking to Grow? Turning Vision Into Reality
- Growth Through Acquisition: Finances, Timelines, and Expectations
- Growing Your Business and Your Net-Worth
- Business Growth & Bench Strength
- Business Growth, Consolidation, and COVID
- Acquisition Done! Now What? Hitting the Ground Running After the Close
- Power Position: Building Cash or Equity: Creating Flexibility & Maximizing Opportunities
- Buying or Selling: Determining What Strategy is Best For You
Leverage our Succession Readiness Survey. A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.
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The Succession Planning Matrix
The Succession Planning Matrix
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
