Thinking about passing down your business? Not so fast! In this episode, we break down the real challenges of business succession planning. Should you hand over your trade business to your kids or employees? What are the biggest mistakes owners make? And how do you set up a business that thrives long after you step away? We cover strategies, real-life success stories, and hard truths every business owner needs to hear.
Watch the video version of this podcast at https://youtu.be/z_142odU-Y0
Discussion Points:
00:00 – Episode Highlight
02:00 – Why Most Family Businesses Fail by the 3rd Generation
05:30 – The Key to Training Future Leaders in Your Business
09:45 – Should You Hire Externally or Promote From Within?
14:00 – Real-Life Success Stories of Business Succession
18:30 – Biggest Mistakes Owners Make in Transitioning Leadership
23:15 – How to Create an Exit Strategy That Works
Resources:
- Get the Acquisition Guide for FREE at https://www.howarddeals.com
- Website: https://www.howarddeals.com
- Social: https://www.instagram.com/howarddeals
- Email: thoward@servicetitan.com
- ServiceTitan’s World of Titans Event - https://bit.ly/WorldofTitansAU
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