Essential Steps for a Successful Business Succession Plan (S3E18) скачать в хорошем качестве

Essential Steps for a Successful Business Succession Plan (S3E18)

As Asia’s leading fee-only wealth advisory firm, we understand the challenges faced by business owners who are focused on growing their enterprises and may not have had the chance to develop a comprehensive business exit and succession plan. In this week’s Money Wisdom episode, Isaac interviews Jerome Song, Associate Director of Business Exit at Providend, about the critical aspects of a successful succession plan, including preparing future leaders and retaining top talent during what can be a challenging transition. With over two decades of experience in finance, mergers and acquisitions, strategy, and people development, Jerome discusses how he partners with business owners to determine if a family member is suitable to succeed the business. He also cites successful succession planning case studies from companies such as Apple and Bengawan Solo. Timestamp: 02:07 Succession planning and leadership gaps. 03:29 Business succession challenges. 05:33 Transparent communication. 06:57 Reduce anxiety and foster employee commitment. 08:21 Identifying and preparing successors. 10:36 Structured development programmes. 12:52 Consequence of poor succession planning. 14:38 Challenges for business owners. 16:11 Providend 's role in guiding business owners. 17:59 Ensuring technical skills and cultural fit. You may also be interested in an earlier podcast where Jerome discusses how Benny Se Teo, founder of Eighteen Chefs, successfully exited his business, highlighting the importance of accurate business valuation and finding the right buyer to ensure business continuity and employee welfare:    • Navigating Your Business Exit Plan Su...   Through deep conversations with our advisers, you will gain clarity on what matters most in life and what needs to be done to live a good life, both financially and non-financially. Reach out to us today to start crafting your tailored business exit plan, integrating it into your personal wealth plan: https://providend.com/our-clients/ser... Stay tuned for our next episode, where Isaac interviews Evelyn, our Deputy CEO & Chief Advisory Officer, on the topic of Advanced Planning! Music courtesy of ItsWatR. The host of this episode, Isaac Ong, is a Client Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. Learn more about Isaac here: https://providend.com/s2e1-meet-your-... Want to listen to our Providend’s Money Wisdom podcast while you’re commuting to work, enjoying a workout or simply to start your week on the right foot? Follow our audio only podcast on your favourite podcast platform for new episodes fortnightly on Mondays at 8am: ▸ Spotify: https://open.spotify.com/show/5Z3FcQx... ▸ Apple Podcast: https://podcasts.apple.com/us/podcast... ________________________________________________________ Providend is very excited to share that we are now ready to extend our service offerings to the younger accumulators who are looking for holistic, independent, conflict-free wealth advice! For this group of younger accumulators, we know that it is not easy to make retirement planning a priority when other financial goals – buying a first home, for example, or saving for a child’s education – appear more pressing. Learn how we can help here: https://providend.com/our-clients/acc... ________________________________________________________ Learn more about: ▸Our philosophy at https://providend.com/about/ ▸Our publications at https://providend.com/publications/ Connect with Providend ▸Facebook:   / providend   ▸LinkedIn:   / prov.  . ▸Website: https://providend.com/our-clients/ser... ▸Newsletter: https://providend.com/#newsletter-sub... © Providend Ltd 2024. All Rights Reserved.