Episode 1 - Succession Planning for Peace of Mind Pt. 1

from Building Wealthy Habits · host TriCord Advisors

In this episode of Building Wealthy Habits, Randy and Jeremiah discuss the importance of succession planning for business owners, sharing stories of clients who lacked plans and struggled with unexpected transitions. They explore strategies like transferring ownership to family, partners, or third parties. Randy and Jeremiah emphasize preparing contracts, valuation, and the founder's next steps to maximize business value and secure their own future. This week on Building Wealthy Habits: Business succession planning and its importance. 0:00 Succession planning for a family-owned business. 4:45 Business succession planning strategies. 7:35 Selling a business, valuation, and exit strategies. 12:29 Founder departures and business sales. 17:17 Retirement planning for business owners. 20:49 Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected] Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected]

Episode metadata supplied by the publisher feed · Published Feb 2, 2024

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Episode 1 - Succession Planning for Peace of Mind Pt. 1

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