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.

📖 Buy "Small Giants: Companies That Choose to Be Great Instead of Big" by Bo Burlingham

Sponsors

🌱 S.E.E.D. Planning Group

🎤 Ditch The Suits Patreon

🖥️ Ditch The Suits Website

🎙️ One Big Thing Podcast