Succession Plan - Be honest ! How prepared are you?

This is something that is so close to my heart at the moment as I am in the home stretch of realising the dream that I mapped out 8 years ago! A real mixture of emotions and this has been 8 years in...

client engagement

practice management

succession

deborah.kent

Advisely Board

2 years ago

Darren.Smith like you I am also looking at how to position my business for when I decide to commence another chapter of my life. The critical thing for me is clients and staff the questions I have is should I merge with a similar practice? do I have enough time to bring another shareholder on board to take over the business? or do I sell which is the hard one. My focus right now is ensuring the business continues to grow and is in good shape for any of the decisions.

Darren.Smith

Advisely Board

2 years ago

deborah.kent thanks for taking the time to share. All great points!

One of the greatest lesssons for me in the process has been to appreciate the value of insights, coaching from an unbiased professional who takes out some of the emotional anchors in assessing areas of importance and focus.

We all have them either consciously or unconsciously.

I remember listening to Carl Richards with that simplistic summary 'by definition we cant see our own blindspots!'

Not surprising that this is a key and valued role we all play in our clients lives when helping them prepare for an make the transition..