Building The Right Succession Plan For Your Business and Your Family

THE EXIT PODCAST

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5M ago 47:49

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Succession planning is the most commonly used phrase business owners and advisors use when talking about preparing for the transfer of ownership. The harsh reality about succession planning is it's seldomly implemented, discussed amongst business partners or shared with family members.

On this episode of The EXIT, we will hear a heartfelt story from George Davidson, Founder of Secura Consultants about how the lack of succession planning impacted his family and how this personal life experience guided him to helping business owners around succession planning.

The episode will cover:

The most importance elements of building your succession planning
Tools business owners can use to implement a basic succession plan
The five D's
The mindset change of a sick or disabled business partner and the direct conflict
Types of Buy-Sell Agreements
Utilizing the right buy-sell structure for you
The most litigated elements of a buy-sell agreement
The importance of incorporating a valuation provision and determination of value clause in your agreement.

To contact our guests Georg Davidson, please click: http://linkedin.com/in/georgeprotectmyincome

23 episodes

#Business #Brett Dearing #Entrepreneur