Dreamcatchers

Ever wondered about the mystique of business exits? Join Dreamcatchers' host, Jerome Myers, in a profound conversation with David Grau Jr, co-founder of Succession Resource Group. This episode unveils the secrets to exiting your business on your own terms through proactive succession planning. Why do less than 10% of business owners have a concrete succession plan? David emphasizes the importance of intentionality—crafting a lean "lifestyle business" or an enduring "enterprise." Start succession planning early, train successors strategically, and avoid the middle ground. Create legacies that benefit yourself, clients, and communities for generations. Dive into the art of business excellence with concise insights on proactive succession planning! [00:00-03:00] What is Succession Planning and Why it Matters Only about 10% of businesses have a succession plan Succession planning ensures business continuity and a smooth transition when the owner exits It allows the business owner to exit on their own terms