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Succession Planning for SMEs: With or Without the Next Generation

Important episode for every business owner to plan for their Business Continuity and Legacy. 𝐉𝐨𝐢𝐧 𝐌𝐒𝐌𝐄 𝐓𝐀𝐋𝐊 𝐖𝐡𝐚𝐭𝐬𝐚𝐩𝐩: https://wa.me/918097665085 Do you need support : https://forms.gle/P7eb5xuJeERKxn6V6 Newsletter Subscription: https://msmetalk.com/subscription-alert/ Are you providing Services to MSMEs : https://forms.gle/P3vt7vCQLP55Wm8eA Time Stamp for topics discussed are ahead. Episode 55 Succession Planning for SMEs: With or Without the Next Generation Guest: Suraj Malik , CEO , Legacy Growth 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. 𝐌𝐒𝐌𝐄 𝐓𝐀𝐋𝐊® Industry Expert segment brings Industry Expert who discusses on specific topic relevant for MSMEs, Startup to scale up and build long-lasting Businesses. 𝐌𝐨𝐫𝐞 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐨𝐧 𝐌𝐒𝐌𝐄 𝐓𝐀𝐋𝐊: Playlist – Brand Bite Episodes :    • MSME TALK Brand Bite Podcast Episodes   Playlist – About MSME TALK :    • Плейлист   Playlist – All the audio Podcast Episodes:    • MSME TALK Podcast   Playlist – B2B service providers profile:    • Profile's ( B2B Service Providers)   Playlist – Industry Expert Episodes:    • Industry Experts episodes   Playlist – Informational Presentations :    • Experts BLOGs- Presentations   Playlist – Special Episodes :    • Special Episodes   In this episode, we explore: Time Stamp 00:00:00 - Teaser 00:02:00 - Whats head in Episode 00:02:00 - Introduction & Context 00:02:23 - Meet Suraj: Legacy Planning Expert 00:03:17 - Why Suraj Chose Succession Planning 00:05:01 - Current SME Succession Scenario in India 00:08:30 - Future Trends in SME Business Legacy 00:10:55 - If Next Gen Takes Over: Grooming & Structures 00:12:36 - If Next Gen is NOT Interested: Alternatives 00:17:18 - How Professionals Can Bridge Succession Gaps 00:23:00 - When Selling Becomes the Best Option 00:26:07 - Mergers & Partnerships for Continuity 00:31:10 - Do Employee Buyouts & ESOPs Work 00:34:27 - How to Choose the Right Succession Option 00:38:05 - Most Common Succession Path in India 00:39:51 - The Most Difficult Yet Beneficial Choice 00:41:22 - First Steps for Non-Family Succession 00:46:03 - Challenges Without Documentation & Systems 00:49:00 - Valuation & Tax Planning in Succession 00:52:08 - Legal Structures that Smoothen Transition 00:54:00 - Preserving Founders Trademark, Name & Legacy 00:56:00 - Cultural & Emotional Barriers in Succession 00:58:21 - How Founders Accept Letting Go 01:01:00 - Action Plan: 3 to6 Steps for SMEs Succession 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 preservation and estate planning all aimed at Legacy creation. 𝐇𝐨𝐬𝐭 : Tripti Sharma is Executive Coach and Founder of MSME TALK®   / tripti-sharma-   About MSME TALK®: MSME TALK® is a unique platform that serves as a hub for knowledge, information, connections, and curated content. It bridges the gap between MSMEs, experts, and solution providers by bringing data-driven, insightful conversations that help businesses grow. • As businesses, what support you need, help us know to bring the relevant Expert, Product, Services and Content for you. https://forms.gle/P7eb5xuJeERKxn6V6 • Do you provide Services or Products to MSMEs/ Startups: https://forms.gle/P3vt7vCQLP55Wm8eA Stay Informed with MSME TALK® • Newsletter: https://msmetalk.com/subscription-alert/ • WhatsApp Channel: https://whatsapp.com/channel/0029VbAP... • WhatsApp Contact: https://wa.me/918097665085 • YouTube Channel:    / @msmetalk   • LinkedIn:   / msmetalk   • Facebook :   / @msmetalk   Connect with MSME TALK®: • Website: https://www.msmetalk.com • Email: [email protected] • WhatsApp Contact: https://wa.me/918097665085 #BusinessLegacy #BusinessSuccession #SuraMalik #LegacyGrowth #FamilyofficeAdvisory #M&Aguidance #MSMETALK #TriptiSharma #MSMEPodcast #MSMETALKPodcast #ExecutiveCoach