Too Busy To Think About Your Exit Strategy? It just got easier.

Too Busy To Think About Your Exit Strategy? It just got easier.

facebooktwitterlinkedinby featherIt’s late. I’m tired. I had a full day. All I can think about is my nice soft pillow. I’m just about to shut my smart phone off and begin the ritual of night charging. But wait. The smart phone is forcing me to come between my beauty sleep, and yet another annoying technology task. It’s insisting on an update. I have to make a decision. Now, or Schedule it.  No “Later” option. The image command is not going away. Yeah, I know what you’re thinking. Shut the damn phone off and go to sleep. Still, you know that annoying command is just going to be there when you wake up. It’s now, or now. I’m being forced to act, to make a decision even though I really don’t want to.

Sometimes, I wish I had a venue to promote the same type of forced action when it comes to longer range decions, such as planning for your eventual business exit. Well, I think I found a way. Albeit, a more gentler and compassionate way.

We have been using our new succession planning portal with a few music retailers, and so far I’m impressed with the results.

I ask the owner to complete a module, such as client analysis, or risk management, and low and behold, it’s done.

It’s the easiest way to begin your succession planning. No more execuses.

Let me know if you want to check it out for a test ride. I would love your feed back.

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Written by Jaimie Blackman

Jaimie Blackman

Jaimie Blackman has created Sound Financial Decisions ™ powered by MoneyCapsules®, to help guide business owners through the complexities of succession planning.

Jaimie writes “Smart Succession”, a monthly column in Music Inc., and also writes a bimonthly column for Canadian Music Trades magazine. He has spoken at NAMM U Idea Center, and at Yamah’s Succession Advantage.

As a financial literacy educator he has taught at New York University and has lectured at the 92nd Street Y, Marymount Manhattan College, and CUNY.

As President of BH Wealth Management, Jaimie also helps his clients implement investment and insurance solutions which are aligned to their personal values. Visit bhwealth.com to learn more.

To subscribe to Jaimie’s Succession Success: Insights for Music Retailers, visit moneycapsules.com.

The purpose of this post is to educate. Our content should not be construed as advice. If legal, tax or other advice is required by the readers, professional advice should be sought.

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