036- 4 Considerations BEFORE You Do an Internal Transfer of Your Business

What does it take to pass down your business to the next generation successfully?

Join Adam and Steve Burton on this episode of Scale to Sell as they break down the tricky process of internal business transfers. Whether it's grooming your child to take over the family business or handing it off to a key employee, there's a lot more to consider than you might think.

Adam and Steve Burton discuss:

• (01:45) Finding a qualified and genuinely interested successor

• (05:32) Ensuring your successor truly desires the role and is prepared for the responsibilities

• (10:48) Structuring your compensation plan to mitigate risks and secure your financial future

• (16:17) Crafting a seamless transition strategy for continued business success

Do you know if your internal transfer plan is foolproof? Tune in to find out and gain insights on structuring a smooth transition. Plus, learn how you can shield your legacy and safeguard your financial security during the process.

Resources:

• Episode 5: Internal v. External Sale - Part 1

• Episode 6: Internal v. External Sale - Part 2

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