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

“If somebody else can't operate your business and you can't transfer the value that you currently have in your business to that other person and allow them to operate it, your business is not ready. And so succession planning should be something that every business owner does every day because if they don't do it every day, you're not ready. You're going to miss something along the way.” -Doreen Binkiewicz

Doreen Binkiewicz, owner of DGL Business Solutions, shares her journey of growing a thriving bookkeeping business while balancing the demands of family life. She delves into the power of systems, effective hiring strategies, and succession planning to build a business that is both scalable and transferable.

In this interview, you’ll learn:

• Strategies for building a client base through referrals
• The critical role of succession planning in ensuring business continuity
• The importance of implementing systems to enhance business value and readiness for transition

To learn more about Doreen and DGL Bookkeeping Solutions, click here.

Connect with her on LinkedIn.

To explore Pure Bookkeeping, visit this link.

Time Stamp 01:09 - Doreen’s introduction to ProfitCon and her journey 02:48 - Building a family-focused bookkeeping business with time-blocking 04:50 - Adopting Pure Bookkeeping and Profit First systems 07:28 - Enhancing hiring practices and recovering post-COVID 09:16 - Gaining clients through referrals and building a strong team 13:32 - Diving into succession planning and business transitions 15:40 - The four pillars of effective succession planning 20:44 - Importance of early succession planning for sustainability 28:31 - Transitioning business segments through succession planning 35:20 - Expanding into advisory services alongside bookkeeping