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Content provided by Dave Lorenzo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Lorenzo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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Exit Planning or Succession Planning? | 822
Manage episode 485595971 series 2834919
Content provided by Dave Lorenzo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Lorenzo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
“Succession planning is about people. Exit planning is about money. If you confuse the two, you'll fail at both.” - Dave Lorenzo
What You’ll Discover Today:
In today’s episode of the Inside BS Show, Dave Lorenzo pulls back the curtain on one of the most misunderstood concepts in business transitions: the difference between succession planning and exit planning. If you’re a business owner, advisor, or consultant, this is the episode that clarifies where your focus should be and when.
Too many people blend these two ideas and end up preparing for neither. Dave explains why that confusion leads to lost value, internal chaos, and missed opportunities.
Key Topics Discussed:
- The definition and purpose of succession planning: developing internal leaders and ensuring continuity.
- The focus of exit planning: maximizing enterprise value and preparing for a transfer of ownership.
- Why most advisors mistakenly treat them as the same process—and the risk that creates.
- Real-world examples of businesses that succeeded by separating the two—and those that failed when they didn’t.
- Dave’s three-question test to determine if you’re doing succession or exit planning.
- The hidden cost of failing to build a bench of leadership.
- How to time your planning process to create maximum ROI on both the financial and human sides of your business.
Links and Resources
- Subscribe via Email: GetInsideBS.com
- Listen on Spotify: Inside BS Show on Spotify
- Listen on Apple Podcasts: Inside BS Show on Apple
- Call Us: (305) 692-5531
📞 Call to Action
Most people confuse succession planning and exit planning until it’s too late.
Don’t be one of them.
Listen to the episode now and then call Dave at (305) 692-5531 to talk about what your business really needs before you're forced into a transition you’re not ready for.
824 episodes
Share
Manage episode 485595971 series 2834919
Content provided by Dave Lorenzo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Lorenzo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
“Succession planning is about people. Exit planning is about money. If you confuse the two, you'll fail at both.” - Dave Lorenzo
What You’ll Discover Today:
In today’s episode of the Inside BS Show, Dave Lorenzo pulls back the curtain on one of the most misunderstood concepts in business transitions: the difference between succession planning and exit planning. If you’re a business owner, advisor, or consultant, this is the episode that clarifies where your focus should be and when.
Too many people blend these two ideas and end up preparing for neither. Dave explains why that confusion leads to lost value, internal chaos, and missed opportunities.
Key Topics Discussed:
- The definition and purpose of succession planning: developing internal leaders and ensuring continuity.
- The focus of exit planning: maximizing enterprise value and preparing for a transfer of ownership.
- Why most advisors mistakenly treat them as the same process—and the risk that creates.
- Real-world examples of businesses that succeeded by separating the two—and those that failed when they didn’t.
- Dave’s three-question test to determine if you’re doing succession or exit planning.
- The hidden cost of failing to build a bench of leadership.
- How to time your planning process to create maximum ROI on both the financial and human sides of your business.
Links and Resources
- Subscribe via Email: GetInsideBS.com
- Listen on Spotify: Inside BS Show on Spotify
- Listen on Apple Podcasts: Inside BS Show on Apple
- Call Us: (305) 692-5531
📞 Call to Action
Most people confuse succession planning and exit planning until it’s too late.
Don’t be one of them.
Listen to the episode now and then call Dave at (305) 692-5531 to talk about what your business really needs before you're forced into a transition you’re not ready for.
824 episodes
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Similar to Inside BS Show with The Godfather and Nicki G.
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…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
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…
continue reading
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…
continue reading
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…
continue reading
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continue reading
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continue reading
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continue reading
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