Succession planning isn’t just about passing on a business—it’s about protecting your legacy, preserving value, and ensuring the people you care about aren’t left scrambling when you’re gone.
In this episode of The Business Behind Your Business, host Paul Sweeney sits down with Rob Ferguson, seasoned CEO, trusted advisor, and founder of Ferguson Alliance, to unpack the essential steps for building a strong succession plan. Rob shares why waiting until you’re “ready to retire” is far too late, how to avoid the “founder’s trap” where the business can’t function without you, and why intangible assets—your brand, relationships, systems, and culture—are often worth more than your tangible ones.
You’ll learn how to start planning from day one, create a business that can thrive without your daily involvement, and transition smoothly to the next generation or a buyer while keeping your purpose intact. Whether you plan to sell, hand over the reins to family, or keep the business in the community, this episode offers practical strategies and a mindset shift that will help you secure the future of your hard work.
Get Rob's free eBook, The Prosperity Plan.
Rob Ferguson has been a trusted advisor to family businesses since 2010. Prior to becoming an advisor, Rob had a distinguished career in leadership – including ten years as a CEO at two different companies. One was a public company with $300 million in revenue, the other a family business with $100 million in revenue where he successfully managed the restructuring and sale of the company. Rob has led companies through 10x growth, helped turn struggling companies around, and has conducted more than $100 million in acquisitions.
Rob's company, Ferguson Alliance, is on a mission to increase the lifespan of family businesses. Rob believes that with the right foundation in place, businesses can live infinitely.
https://thebusinessbehindyourbusiness.com/
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