Esp 054 Business Succession Planning concerns with AGH
Sep 6th, 2019 by saunderscash
When it comes to creating a business succession plan, there are several important question you want to answer as to start the planning process and we asked Daniel White and Bryan Hanning of AGH Advisors to join us in the podcast to discuss these questions to give entrepreneurs a starting point as they begin to plan for a business succession. Here are just a few of the questions we covered: Are you ready financially, mentally and emotionally to step away from your business? Is your business ready to transition? It could take several years to get a plan in place an prepare a successor to a business founder. Are you following best practices? How much is your business worth? Are you maximizing value?As a family business, are you addressing the unique family dynamics as you transition? Daniel White and Bryan Hanning are two of the leading experts in this field. Daniel White is a Consultant in the Organizational Development & Family Business Services division at AGH, and Bryan Hanning Vice President Insight Wealth Services. Together they bring considerable insight into the process of business succession planning and help entrepreneurs appreciate that this is a process not to be taken lightly.