🔑 Succession planning made easy! In Ep 141, we dive into practical strategies for ensuring a smooth transition of business ownership. #SuccessionStrategies #BusinessAdvice #wealthmanagement
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There are two common pathways for financial planners (and many other businesses) to use when exiting their business.
1. Bring on a junior partner to eventually take over
2. Merge with a larger corporation
Keys to make the transition easier:
Make sure the business isn't reliant on one person or the business owner
Have good business processes in place
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