Succession planning has gotten misconstrued with estate and exit planning amongst business owners, resulting in the process being delayed or avoided until it is too late. Successful owners know succession planning is much more than estate and exit, it is also about building strategies for today’s success so you can take advantage of opportunities. In this episode of Succession Palooza, we are celebrating growth through acquisition and financial and timeline expectations associated.
Listen in to this discussion with our own succession planner Loyd Rawls, Dan Gavin with Bernstein Private Wealth Management, and Michael Rosendahl with PCE Investment Banking and hear how you can get your business ready for acquisition and establish a strong foundation for long-term success.
For more on this topic, check out the other episodes:
- Looking to Grow? Turning Vision Into Reality
- Acquisition and Business Succession: Why You Must Have a Growth Mindset
- 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.
Music provided by: https://www.bensound.com
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.
