Succession in Real Life [AW 180]

<div class="px-10"> <div class="text-lg pt-4 text-left prose-lg"> <div class="px-10"> <div class="text-lg pt-4 text-left prose-lg"> <p style="line-height: 16.5pt">Bob Ward discusses the importance of early and thorough succession planning, using real-life examples of both successful and unsuccessful transitions. Bob emphasizes the need for business owners to develop their successors and to consider their employees' career goals. It's never too early to start thinking about the future of your business and who might be capable of carrying it forward.</p> <p style="line-height: 16.5pt">Bob Ward, President of Wardden LLC, Look for Bob’s Previous Episode<a href="https://remarkableresults.biz/?s=%22Bob+Ward%22" target="_blank" rel="noopener"> HERE</a>. Perpetual Business Co website <a href="https://www.wardden.com/#/home" target="_blank" rel="noopener">HERE</a>.</p> Bob Ward's Email: bob@wardden.com </div> </div> </div> <div class="text-lg pt-4 text-left prose-lg"> <p style="line-height: 16.5pt">Show Notes:</p> <div class="px-10"> <div class="text-lg pt-4 text-left prose-lg"> <ul> <li><a href="https://www.youtube.com/watch?v=3CWtOfGVFNA" target="_blank" rel="noopener"><strong>Watch Full Video</strong></a></li> <li>Real-life examples of succession planning [00:00:58] Bob and Carm discuss the importance of succession planning and share real-life examples of successful transitions.</li> <li>The reality of leaving a business and the need for planning [00:04:01] Bob emphasizes the importance of not procrastinating succession planning and highlights the need for business owners to plan ahead for their departure.</li> <li>Qualifying potential buyers and employees [00:07:21] Bob explains the process of qualifying potential buyers or key employees by discussing their desires, goals, and qualifications for taking over the business.</li> <li>Grooming potential buyers [00:10:22] Discussing the process of grooming potential buyers and the knowledge and qualifications they need to run the business.</li> <li>Success rat