MMM 029: Mindsets and Myths About Creating A Business Succession Plan with Janise Graham

Mindset Meets Mastery

“If you have a business succession plan and strategy you have something that you can refer back to.” -Janise Graham

If the unthinkable happens to you as a business owner or any of your business partners, can the business survive? Or will it cause the business to die or make lives more complicated than necessary? The business world is a silent, but strenuous battlefield attacking from the outside and that is why a business needs to cover all possible scenarios on the inside to protect itself. For a business to survive today and tomorrow, it needs more than a sturdy and capable leader. There needs to be some potentially difficult conversations between owners, partners, and families - now. In this episode, Janise Graham talks about “leaving in style.” She takes us to the heart of why a succession plan is essential, what topics to consider, and when to have these discussions. Tune in and learn how to assure you can create a plan for financial security in your business and in your succession plan.

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Highlights:

00:28 Succession Plan and Its Importance in Business

07:07 Your D’s

14:20 The Messes Of Having No Succession Plan

19:28 Succession Plan For Solopreneurs

24:31 What’s Done Is Done

27:13 When The Going Gets Tough, Be Tougher