Episode 73:

Good Succession Planning and the Science of Change

What You Will Learn:

How Bradley developed his Succession Solution process to help business owners increase the value of their company and ensure that it continues after they leave
How 70% of all businesses fail to make it through a transition successfully, and why 85% of those failures are within the owner’s control to change
Why succession planning is crucial for the survival of your business after you decide to exit, and why allowing time to get everything into place is key
Why good succession planning requires a team effort and needs to consider all aspects of the organization
Why starting early gives you more options and helps protect your business, especially if an unexpected disaster happens
Why the first step is to speak to your financial and legal advisors and ask if they have experience with succession planning
How to reach out to Bradley to discuss your own succession planning, and why meeting with a succession planning expert every 90 days is the key to a smooth process
How Bradley’s business landed on the Inc. 500 list of fastest-growing businesses due in large part to keeping a regular quarterly planning cadence
How solid planning and committing to a process helped Bradley turn his first business from a total failure into a consistent and profitable organization

About Bradley Franc

Bradley Franc is the creator of The Succession Solution. He is an accomplished entrepreneur, business coach, strategist, business lawyer, and CPA (inactive). As an entrepreneur, he has formed 4 separate companies which have been named 9 separate times in INC Magazine list of fastest-growing companies in the U.S.

Have been named by Worth Magazine as one of the top 100 attorneys in the United States. Over his 30 years in the field of transition planning, he counseled hundreds of closely-held business owners on their succession plan.

In 2019, he published the book entitled “The Succession Solution, The Strategic Guide to Business Transition,” which was an Amazon bestseller.