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Originally aired May 24, 2024
As we wrap up the year, we’re revisiting a very important conversation we had on Chamber Amplified: business owner exit strategy and succession planning.
In this Best Of episode, Doug Jenkins is joined by Jason Harris of Equitable Advisors to talk about what business owners need to know before they retire, sell, or step away from their company - and why waiting too long can cost owners, employees, and the community far more than they realize.
With a massive wave of retirements on the horizon, this episode remains just as relevant today as when it first aired.
In this episode, we cover:
- Why two-thirds of small business owners plan to retire soon, but fewer than one-third have a plan
- The difference between a “lifestyle owner” and a “value creator”—and why it matters when selling
- Common pitfalls when business owners don’t plan ahead
- How succession planning protects not just owners, but employees and the local community
- Why many businesses fail to sell - and what owners can do now to avoid liquidation
- What buyers and investors should be doing today to prepare for upcoming ownership transitions
- How legacy, community involvement, and local ownership factor into exit planning decisions
Whether you’re a business owner thinking about retirement, a second-generation leader, or someone interested in acquiring a business in the future, this episode offers practical insight and timely perspective.
Guest:
Jason Harris
Equitable Advisors
🌐 https://jasonharrisfa.com
📞 419-531-7131
Why this episode still matters:
Business exits that aren’t planned often result in:
- Lost value for owners
- Disrupted livelihoods for employees
- Local businesses being sold outside the community
Planning ahead helps ensure continuity, stability, and long-term community impact.
Chamber Amplified is a podcast of the Findlay-Hancock County Chamber of Commerce, focused on issues impacting local businesses—from workforce and leadership to finance, succession, and long-term planning.
Have an idea for a future episode?
📧 Email Doug Jenkins: [email protected]
Thanks for listening—and enjoy this Best Of episode of Chamber Amplified.
Music and sound effects obtained from https://www.zapsplat.com