Succession Planning for Business Owners: Avoid These Costly Mistakes
May 08, 2025 · 16 min
In this Business Owner edition of The Great Wealth Transfer, Dave Pulcini, CFP®, dives deep into the critical (yet often avoided) topic of succession planning. From family feuds to failed exits, Dave shares real-life cautionary tales of business owners who didn’t have a plan—and the expensive fallout that followed.You’ll learn:How to create a bulletproof succession strategyWhy “fair” isn’t always equal in family business transitionsThe must-have legal documents and buy-sell agreementsThe role of financial advisors, attorneys, and third-party expertsHow to increase your business valuation before sellingWhen and how to communicate your plan with family and key employeesThis episode is packed with practical steps for any business owner ready to protect their legacy and avoid tomorrow’s family feud. Want help creating your plan? Reach out to SixPoint Financial Partners at 585-485-0947 or email dpulcini@sixpointfp.com. Subscribe for more estate and legacy planning insights: SixPoint Financial Partners YouTube ChannelSixPoint Financial Partners - YouTubeShare your videos with friends, family, and the worldwww.youtube.com