Jim Voigt of Voigt Business Law helps Matt Wilhelmi of Strategic Voyages unpack a complicated and messy business succession in a family business. Uncovering landmines and telling cautionary tales are just part of what make this episode a must watch!
Jim Voigt of Voigt Business Law discusses the challenges of succession planning as well as its inherent complications when family dynamics are present.
Jim Voigt on Succession Planning – Episode 2
Jim Voigt of Voigt Business Law joins Matt Wilhelmi of Strategic Voyages to talk cautionary tales of business successions gone wrong.
In this episode, we go over:
What problems may arise if you don’t know your numbers and fully understand how the money works when selling your business.
What happens when you use the back of the napkin to sell your company.
What happens when your key employees can’t afford to but the company.
How to navigate the awkward conversations about finances with family.
Jim Voigt on Succession Planning – Episode 3
Jim Voigt of Voigt Business Law walks through some successful business transitions leaving golden nuggets along the way:
Having the Mindset to Maximize your Return
Knowing Your Worth
Niching Up
Demonstrating the Value of Building a Business with an Ongoing Profit Stream
The Wins in Navigating a Delicate Knowledge Transfer