How Good Succession Planning Improves Your Business - S8 E34

Episode • Apr 8 • 10m

Takeaways

Succession planning should be a continuous process, not a last-minute decision.
Every entrepreneur will eventually leave their business, whether by choice or circumstance.
Planning for an exit can enhance the business's value while the leader is still present.
Identifying and developing potential successors is crucial for reducing key employee risk.
Maintaining control while sharing equity can motivate employees and secure the business's future.

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