The Remarkable CEO for Chiropractors 247 - Succession Planning (Part 2)
In this episode, you'll discover:
- Do you have a Personal Succession Plan? (Is your Estate Plan complete and current?)
- What would happen to your business if you were out of the picture?
- Does your spouse / family know what to do if you pass?
- Is there a written plan of action for your beneficiaries?
- Included: the Remarkable Succession Plan Guide (PDF)
- Do not procrastinate: Start this / complete this today
Episode Highlights
01:03 - The importance of succession planning for chiropractors and having a system in place.
03:11 - Having a succession plan in place, especially for chiropractors, to mitigate potential consequences.
07:16 - Estate planning process, including a will, trusts, and a board of trustees to execute wishes and values.
09:15 - Retirement planning for entrepreneurs, who are often risk-averse but need to prioritize their financial futures.
12:01 - Clear planning and execution will protect your legacy and create a generational experience.
17:33 - The importance of organization and documentation in succession planning, using the law of Dominion as a powerful reference.
22:28 - Updating one's vision story and business succession planning annually.
26:36 - Essential steps for a successful business transition.
28:17 - The importance of being a ready leader and business in today's fast-paced world
30:26 - Dr. Andrew White, the founder of Align & Co, is this week’s Success Partner. Join Dr. Lona Cook and Dr. Andrew as they discuss the evolution of launching Align & Co and how it aims to revolutionize the delivery of chiropractic care. With a focus on bringing chiropractic care into the workplace, Dr. Andrew outlines how Align & Co partners with businesses to provide on-site services, while highlighting the innovative approach to working with insurance companies. Explore the vision and passion driving the movement to make chiropractic care more accessible and impactful in the healthcare landscape.
Resources Mentioned
Download your copy of the Succession Planning Worksheet here: https://theremarkablepractice.com/podcast-ep247-succession
To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo
Build your dream team with Chiro Match Makers. Learn more at https://chiromatchmakers.com/
For more information about Align Co. please visit: https://www.alignco.life/trp
Schedule a Brainstorming call with Dr. Pete
Dr. Stephen’s Book –
The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business