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 — a former music educator & retailer— is a Certified Wealth Strategist & Succession Planner. Jaimie helps business owners maximize the value of their company through education & coaching. He is a frequent speaker at the National Association of Music Merchants, (NAMM) Idea Center and has spoken at Yamaha’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.

His column is published in The Music & Sound Retailer and contributes to NAMM U online, as well as other industry trade magazines.

Jaimie is CEO of Jaimie Blackman & Company, President of BH Wealth Management, and Creator of MoneyCapsules® and the Sound of Money®.

To register for Jaimie’s live webinars, or to subscribe to his podcasts, visit jaimieblackman.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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