10min chapter

The Successful Bookkeeper Podcast cover image

EP451: Doreen Binkiewicz - Succession Strategies For Long-Term Growth

The Successful Bookkeeper Podcast

CHAPTER

Navigating Succession Planning

This chapter emphasizes the critical role of succession planning for business owners aiming for a smooth transition and increased appeal to buyers. It outlines four key components—structural, human, customer, and social capital—that must be developed to create a sellable business while addressing the challenges faced by family-owned enterprises. The conversation underscores the necessity for strategic planning and reliable systems to ensure stability during ownership transitions.

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