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Show Notes
On this episode, Dave Lorenzo explains what succession planning really means inside a family business—and why most people are doing it wrong. He breaks down how to prepare every role in your business for both short-term backup and long-term succession, from frontline workers to leadership positions.
Key Topics Discussed:
- The real definition of succession planning in a family business
- Why it matters whether you're selling the business or handing it off
- How to build a contingency plan for every position, even the janitor
- The difference between a backup and a successor
- What "80% readiness" means for future role holders
- Leadership development and succession planning in management roles
- How to conduct performance reviews that promote growth and succession
- Why Exit Success Lab’s method creates a lasting competitive advantage
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- Call Us: (305) 692-5531
Call to Action:
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