Description:
In this presentation, Tim Young and Michael Kenneth provide an overview of a succession planning process and how to navigate the complexities of transferring ownership of a privately held business. Entrepreneurs crave a process that gives rise to pinpoint wisdom about desired outcomes. This session will address how to remove the business owner from traditional planning processes and put them into a decision-making process. Tim and Michael will define the key stakeholders that should be included in the process and illustrate how to stress-test any planning decisions across three realms: numerical, operational and relational.
Topics Covered:
- Succession and Exit Planning
- Definition of a key stakeholder
- Identify how to stress-test proposed solutions numerically, operationally and relationally
