Buy, Sell, Plan: The Business of Advisor Succession
Managing Your Practice
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Navigating Business Succession: Strategies for Generational Transition
This chapter explores the complexities of business succession planning, highlighting the important initial conversations that shape the process. It emphasizes the need for proper valuations, the differences in perceptions of value between internal and external buyers, and the ongoing nature of effective leadership transitions. Additionally, the discussion addresses the structural components of internal succession strategies, stressing the importance of nurturing future leaders and fostering collaboration across generations.
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