Succession Planning is a subject people love to talk about, but rarely seem to accomplish. Whether it is the complexity of the transaction, a lack of confidence in the candidates, an owner not being able to let go, or a myriad of other issues, most businesses simply fail to transition from one generation to the next. This book unlocks the secrets of transitioning a financial services practice at the top of its value and provides you with a model of what it takes for a succession plan to not only work, but be the highlight at the end of a highly productive career.
The only absolute guarantee in business is one day your part in that business will end. It will end by your volition, someone else's volition or God's volition, but it will end. It is singularly the only thing guaranteed in the life of your business. Unbeknownst to you, you already have a plan in place for this. Donald F. White calls it a cessation plan. One day your role will cease and your business will cease...