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Podcast: Casual Friday: Financial Insights
Episode: Succession Planning for Business Owners
Description: If you're a business owner and considering retirement, you may quickly find that retiring isn't as simple of a process as it is for an employee who has decided to hang it up. Instead, succession planning for business owners has a far greater complexity, that often includes items like finding successors, seeking a business valuation, and starting the process much earlier. Its items like these that help business owners maximize the equity in their business and allow for that equity to ultimately be withdrawn.Why else might you consider succession planning as a business owner? Think of s...