167 - How to Create a Succession Plan for Your Practice with Jeff Evanello and Kris Kjolberg

You'd probably agree that new beginnings are typically exciting stuff. A new relationship, a new home, a new job, a new baby … they're all associated with energy, anticipation, and good feelings.

On the other hand, few people—including 48% of business owners—don't like to think about endings, so they don't. And that means they don't plan for them, which makes it difficult to make rational and informed decisions when the time comes.

But not planning for the eventual ending of your business—whether you sell it, leave it to someone, or close it—means you'll likely leave money on the table when it's time to turn over the keys or lock the door.

In this episode, Kris Kjolberg and Jeff Evanello, whose expertise is in helping advisors acquire and sell their practices as well as in helping advisory firms build their teams, talk with Luke and Josh about the importance of developing an exit plan for your business.

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