Donald F. White

Always End with the Beginning in Mind (eBook, ePUB)

How Firms Remain Great AFTER the Founder Exits

• Format: ePub

Produktbeschreibung

Winner of the Firebird Book Award

Succession Planning is a subject people love to talk about, but rarely seem to accomplish. Whether it is the complexity of the transaction, a lack of confidence in the candidates, an owner not being able to let go, or a myriad of other issues, most businesses simply fail to transition from one generation to the next. This book unlocks the secrets of transitioning a financial services practice at the top of its value and provides you with a model of what it takes for a succession plan to not only work, but be the highlight at the end of a highly productive career.

The only absolute guarantee in business is one day your part in that business will end. It will end by your volition, someone else's volition or God's volition, but it will end. It is singularly the only thing guaranteed in the life of your business. Unbeknownst to you, you already have a plan in place for this. Donald F. White calls it a cessation plan. One day your role will cease and your business will cease right along with it. In the financial services industry the statistics are staggering! Over 90% of all practices will fail to pass to a second generation. At some point in time, most practices just cease to exist. Whether by retirement, disability or death, the chances of your business lasting beyond you are short, unless you shelve your cessation plan for a succession plan.

Would it not be great if you could be in control of your exit rather leaving it to fate or someone else? Succession plans can and do work but not by themselves. You need to be proactive and take the steps before you "need" to exit your firm. Donald F. White shares examples of how men and women with highly successful practices have made the transition from principal to emeritus. He shares the steps to allow everyone involved in your business come out on top. White has seen firsthand how a properly designed and implemented succession plan is a win for your clients, your employees, your successor and you! A cessation plan benefits no one!

You can and should be creating a business that allows the principals to build a firm that can last well beyond themselves, potentially into perpetuity. Get prepared for the BIGGEST and BEST MOVE of your life!

Produktdetails

• Verlag: Made for Success
• Seitenzahl: 100
• Erscheinungstermin: 27. April 2021
• Englisch
• ISBN-13: 9781641465434
• Artikelnr.: 61763915

Autorenporträt

Donald is the author of two audio series entitled "Legacy Planning" and "Building a Great Business". For over 20 years Don's daily radio broadcast, God's Money, was heard on WAY-FM in southeast Florida and on the Internet worldwide.

Donald received his Chartered Life Underwriter designation (CLU) in 1981, his Chartered Financial Consultant designation (ChFC) in 1986, and his Accredited Estate Planner designation (AEP) in 1994. Lastly, he became an Accredited Investment Fiduciary (AIF) in 2013. He is also a Past-Chairman of Love without Boundaries Board of Directors (www.lovewithoutboundaries.com), a non-profit organization assisting orphans and vulnerable children.

A world renowned communicator, Donald has spoken on virtually every corner of the globe, including several talks at the MDRT Annual Meeting, the keynote to the first-time attendees of the 2000 MDRT Annual Meeting and was a main platform speaker at the 2014 meeting in Toronto.

He is the proud father of twin adopted girls from China, Sydney and Reagan. His wife Grace, does all she can to keep him home with her and their kids, rather than riding his bicycles, golfing, rowing, boating, scuba diving or skiing in the Rockies.

Inhaltsangabe

Table of Contents:
* Chapter 1 - I will not be that guy
* Chapter 2 - Any Road will get you there
* Chapter 3 - ALWAYS End with the Beginning in Mind
* Chapter 4 - Its all about the Firm
* Chapter 5 - Financial Readiness!
* Chapter 6 - Emotional Detachment - Finding your identity in things
other than your business
* Chapter 7 - Strategic Readiness
* Chapter 8- Are you a Business or a Book of Business? The View from
the eyes of the purchaser is often far different than from the eyes
of the seller.
* Chapter 9- It Takes SWEAT!
* Chapter 10 - The Six Perils Every Practitioner Must Avoid at all
Costs
* Chapter 11 - What is Your Company Worth?
* Chapter 12 - What Now?