Five important questions every business owner should answer

from Matters Beyond Wealth · host mattersbeyondwealthrbc

These considerations can help owners ensure their business is set up for success today and in the future. To discuss this topic, Tony Maiorino is joined by Prashant Patel, Vice President of High Net Worth and Business Owner Planning at RBC Family Office Services, and Paul Morgan, Managing Director, RBC Mid-Market Mergers and Acquisitions. Related episodes: Estate planning tips for business owners How does a living trust differ from a trust in your Will? Rethinking insurance in your estate planning For more information, visit rbcwealthmanagement.com.

What this episode covers

According to the Canadian Federation of Independent Business, 76 percent of owners plan to exit their business in the next 10 years, but only 9 percent have a formal written succession plan, and 46 percent have no plan at all. Whether you started your business two years ago or 20 years ago, every accomplished business owner should have a plan for the future.

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Five important questions every business owner should answer

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This episode is 18 minutes long.

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This episode was published on October 1, 2025.

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