When should I start thinking about a Succession Plan for my business?

Download the episode on Spotify here / Apple here / YouTube here.

Josh & Jay welcome Will Steih, Managing Director or Prime Capital Investment Advisor’s Tennessee office, to the studio for Chapter 1 of 5 in our Business Owner Strategies & Solutions (B.O.S.S.) Series, a discussion about Succession Planning. What does a properly structured Succession Plan look like? How does a business owner insure that the business will survive after they retire, either through a generational or key person transfer or an outright sale? Listen in to hear important concepts & solutions to consider!

Key Takeaways:

The best time to consider a Succession Plan is NOW. Life happens fast.
An unwritten Succession Plan is just a promise.
Succession Plans need to be written and funded.
A well designed Succession Plan is a key element of having a multi-generational business.

Show Links:

https://gulfcoastfa.com/

https://gulfcoastfa.com/401k-forum

https://pciawealth.com/

https://qualifiedplanadvisors.com/

https://fitrusts.com/

https://everydollarcounts.libsyn.com/

http://jaystubbs.com/

https://www.firstprotective.com/

https://www.deepfriedstudios.com/

https://www.slothracerband.com/

Resources: