Exit Is Now - Plan Accordingly With Scott Snider Generational Success: Navigating Business Transitions and Entrepreneurship
Aug 17, 2023
Joe Strazzeri, the 2023 Exit Planner of the Year, and his son Sal, a law student and young business advisor, discuss their family's entrepreneurial journey. Joe shares insights on integrating exit planning across his advisory firms, while Sal reflects on his early exposure to business that sparked his passion for entrepreneurship. They also explore the challenges of succession planning, including the fear of handing over key processes. Sal's unique background growing up in the boardroom adds a fascinating layer to their dynamic as they prepare for the future of the family business.
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Entrepreneurship From Childhood
- Joe grew up around entrepreneurs and became a general contractor while in college, later building and selling companies before becoming an attorney.
- That background shaped his love for entrepreneurs and practical approach to legal and business advising.
Boardrooms Over Breakfast And Fishing Trips
- Sal joined partner and client meetings from age six and went on fishing trips that combined business and relationship talks.
- Those early experiences exposed him to long-form strategic conversations and shaped his interest in the field.
Prioritize Alignment Over Paperwork
- Prioritize alignment and relationships over documents when planning family business transitions.
- Use governance and counseling to surface emotional drivers before finalizing technical legal or tax structures.
