In this episode, Ken Kumph, founder and president of Premier Builders in Georgetown, MA, takes over hosting duties. He chats with Matthew Schroeder, wealth advisor and director of financial planning at Great Point Wealth Advisors. Together, they dive into the intricacies of succession planning, offering valuable advice for younger professionals and aspiring entrepreneurs. From establishing standard operating procedures to gaining a comprehensive understanding of business financials, they share practical strategies to enhance business performance and ensure long-term success. Tune in to gain expert insights on valuating your business and implementing effective business practices in today's dynamic market landscape.