Episode 50 – Why the Time To Lock in Your Key Management Team Is Now: Part 1
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Do you have a key management team that’s ready to take over your business?
In part one of this new mini-series, Tim Scannell talks about what business owners have to lose by not locking in and training successors NOW.
Tim shares insights from his experience with finding a key person to take over his business and uncovers the risks of doing nothing.
You will learn:
- The differences between succession planning vs exit planning
- Why waiting to find your successor is a mistake
- How business owners benefit, now and later, by having a key management team
- The risks of not focusing on your succession plan
- And more!
Tune in now to get started on recruiting and retaining your key management team!
Resources: Hightower Great Lakes: (219) 246-5370 | Episode 35: The Importance of Knowing Your Value — Part 1 | Episode 36: The Importance of Understanding Your Value — Part Two | Episode 49: Why a Valuation Analyst Is Critical for Planning – With Greg Clark | The Alliance by Reid Hoffman, Ben Casnocha, and Chris Yeh
