Why Only 33% of Family Businesses Survive: The Succession Conversation with Bobby Mascia скачать в хорошем качестве

Why Only 33% of Family Businesses Survive: The Succession Conversation with Bobby Mascia

Here’s a shocking insight: most entrepreneurs build unsellable businesses. And, only 33% of family businesses actually survive. So, what’s the secret? Mastering succession planning, it would turn out. In this episode of The Wealthy Entrepreneur, host Bob and Bobby Mascia, Founder of Green Ridge Wealth Planning and Family Office operator, explore how to architect a business for both profitability and transferability, why family succession fails 67% of the time and the counter-intuitive tax strategy that turns reinvestment into long-term wealth. From the operational structures that separate founders from their businesses to mastering the art of succession planning, this episode is a masterclass in learning how to stay profitable, cut through the noise and avoid getting trapped by your own operations. If you have something to say about being a wealthy entrepreneur and want to join the conversation, let us know here: https://www.wealthyentrepreneur.co/th.... Highlights: 00:00 Introduction & Meeting Bobby Mascia 04:30 Bobby’s Journey from Corporate to Family Business Leadership 09:32 The Two Versions of Being in the Family Business 14:32 Your Business HAS to be Able to Run Without You 17:17 Why It’s Critical to Have the Right People in the Right Seats 19:49 Copy Proven Systems: EOS, Strategic Coach and Operational Discipline 23:40 A Day in Bobby’s Life: 2 Businesses & His Book Unchained 32:06 Scaling Successfully: Spend More Money, Work Less, Become More Profitable 37:30 Bobby’s Advice to His Younger Self 38:28 Why Family Succession Fails and How to Reframe It 40:30 Closing Thoughts & Connecting with Bobby