Succession planning is the most commonly used phrase business owners and advisors use when talking about preparing for the transfer of ownership. The harsh reality about succession planning is it's seldomly implemented, discussed amongst business partners or shared with family members.

On this episode of The EXIT, we will hear a heartfelt story from George Davidson, Founder of Secura Consultants about how the lack of succession planning impacted his family and how this personal life experience guided him to helping business owners around succession planning.

The episode will cover:

• The  most importance elements of  building your succession planning
• Tools business owners can use to implement a basic succession plan
• The five D's
• The mindset change of a sick or disabled business partner and the direct conflict
• Types of Buy-Sell Agreements
• Utilizing the right buy-sell structure for you
• The most litigated elements of a buy-sell agreement
• The importance of incorporating a valuation provision and determination of value clause in your agreement.

To contact our guests Georg Davidson, please click: http://linkedin.com/in/georgeprotectmyincome