Timing the Transition: When and How to Start Exit Planning (Feat: Scott Snider)

21/05/2025 36 min Episodio 36
Timing the Transition: When and How to Start Exit Planning (Feat: Scott Snider)

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Episode Synopsis

In this episode of Lessons by the Lake, we sit down with Scott Snider, President of the Exit Planning Institute, to explore one of the most critical—and often overlooked—phases in a business owner’s journey: knowing when and how to begin planning your exit.Scott shares expert insights on the strategic importance of timing, how early preparation creates more attractive, valuable businesses, and what missteps to avoid along the way. Whether you're a business owner considering a sale in the next few years or a trusted advisor to one, this conversation offers practical frameworks and real-world examples to help guide successful transitions.Chapters:0:00 - Introduction3:23 - The exit planning process8:01 - The owner readiness survey findings19:14 - When to begin the exit planning process28:39 - Finding your meaning and purpose33:32 - How to get in touch with Bob and his team34:44 - Closing remarks