Exit Is Now - Plan Accordingly With Scott Snider A Look Back at the Top Three Exit Is Now Moments from 2023!
Dec 21, 2023
The hosts highlight transformative moments in exit planning, shifting focus from short-term gains to long-term value creation. They discuss the significance of changing vocabulary to foster better decision-making among business owners. Engaging family in succession planning early is emphasized, alongside the benefits of gradual share acquisition. Insights on aligning personal purpose with leadership and finding a work-life blend provide fresh perspectives for future growth.
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Exit Planning Is A Mindset Shift
- Exit planning is transformational, not merely transactional, because the journey changes owners financially and emotionally.
- Changing vocabulary from success to significance reframes decisions toward long-term value creation.
Teach Owners To Value Creation
- Tell owners to equate income success with long-term business value; teach them to prioritize value creation alongside profit.
- Use the 'success to significance' framing to motivate owners to adopt value-focused decisions.
Buy Shares One Burger At A Time
- Tom Deans describes buying incremental shares to reach control rather than gifting ownership at the end.
- He argues families should build businesses to sell or prepare structured internal transfers over time.
