Episode 55 Succession Planning for SMEs: With or Without the Next Generation Guest: Suraj Malik , CEO , Legacy Growth   Welcome back to MSME TALK® with Industry Expert. Industry Expert segment brings Industry Expert who discusses on specific topic relevant for MSMEs, Startup to scale up and build long-lasting Businesses. Why did we do this episode: Even successful Businesses in other countries are closing because of succession issues , we are witnessing the same in India. Hence we want our Business Entrepreneurs to warm up for Business Legacy.  𝐆𝐮𝐞𝐬𝐭: Suraj Malik is Succession Strategy and  M&A Expert providing guidance to Founders, Promoters & Family Offices . He holds extensive experience in setting up and managing family offices and trusts to help business owners drive effective succession planning, wealth presentation and estate planning all aimed at Legacy creation. In this episode, we explore:TimeStamp 00:00:00 -  Teaser00:02:00 - Whats ahead in Episode 00:02:00 - Introduction & Context00:02:23 - Meet Suraj: Legacy Planning Expert00:03:17 - Why Suraj Chose Succession Planning00:05:01 - Current SME Succession Scenario in India00:08:30 - Future Trends in SME Business Legacy00:10:55 - If Next Gen Takes Over: Grooming & Structures00:12:36 - If Next Gen is NOT Interested: Alternatives00:17:18 - How Professionals Can Bridge Succession Gaps00:23:00 - When Selling Becomes the Best Option00:26:07 - Mergers & Partnerships for Continuity00:31:10 - Do Employee Buyouts & ESOPs Work00:34:27 - How to Choose the Right Succession Option00:38:05 - Most Common Succession Path in India00:39:51 - The Most Difficult Yet Beneficial Choice00:41:22 - First Steps for Non-Family Succession00:46:03 - Challenges Without Documentation & Systems00:49:00 - Valuation & Tax Planning in Succession00:52:08 - Legal Structures that Smoothen Transition00:54:00 - Preserving Founders Trademark, Name & Legacy00:56:00 - Cultural & Emotional Barriers in Succession00:58:21 - How Founders Accept Letting Go01:01:00 - Action Plan: 3 to6 Steps for SMEs Succession MSMEs & startups are looking for various kinds of supports & upgrade. Are you a Product, Service Provider, Expert, Advisor, Consultant, Mentor for MSMEs/Startups? Reach out to MSME TALK to list your business. Fill the form to help us reach out to you. Hey MSME TALK listeners! Hope you have not missed subscribing to our newsletter for the latest news, blogs, and podcast updates.  We don’t spam your inbox , hence we have highest rate of letter opening in Industry. Subscribe here for Newsletter.  MSME TALK Podcast enters Peak Ranking Chart of 20+  Countries in the Apple Podcast Country Entrepreneurship Category.   WhatsApp : Send hi - https://wa.me/918097665085 LinkedIn Facebook Instagram Twitter Website Contact us : [email protected] to All Social Media , Podcast etc links at one place Please give your rating and reviews on apple podcast or Spotify

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