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How Do You Make a Business Less Dependent on Its Founder? with Jim Erben
What happens to a business when its owner is ready to leave, or has to step away unexpectedly? Succession planning advisor Jim Erben joins Michael Diettrich-Chastain to make the case for preparing long before a sale or retirement is imminent. Jim explains why owners need to define their goals, understand the value of the company alongside their personal needs, reduce dependence on themselves, and tell senior leaders what the future could look like. They also discuss passing values to the next generation, finding a purpose after an exit, hiring people who care and can learn, and answering…
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