Without significant diversification in your portfolio, your employees, your suppliers, or clients, you set yourself up for concentration risk. Now, this can happen intentionally or unintentionally. Maybe you rely too heavily on your top performer's sales achievements, perhaps you have built your company to be dependent on you as the owner. Through this concentration and dependency, you decrease the value of your company and increase the risk of something going wrong if that person or thing you depend on can no longer provide for your business. In this episode, Tom will be breaking down the top four types of concentration risks that he sees and will explain how you can reduce your risk moving forward.   -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspective → Plan for the next chapter of their life 👉 Get Your Free Readiness Assessment!    -----   WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Business Exit Success Newsletter. As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners. Click here to subscribe and grab your free guide.    

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