In this episode titled "Empowered Succession Planning," hosts Dr. Joe Hamlett and Dr. Dave Peltz, along with guest Lowell Mora, discuss the critical importance of succession planning, particularly for family-owned businesses. Mora, a fractional CFO with decades of experience in the industry, highlights the need for business owners to think proactively about succession to ensure the longevity of their companies, emphasizing that 50% of family businesses go bankrupt within two years of the owner's death. Mora advocates for "empowered succession planning," which involves preparing for leadership transitions well in advance, keeping the business competitive, and safeguarding the owner’s legacy. He also touches on the personal aspects, urging business owners to confront the emotional and psychological challenges that come with stepping back from their roles, while stressing the importance of having a concrete, actionable plan for passing the baton.

JONSOP

https://jonsop.com

jonsopdr2@gmail.com

Lowell Mora

https://www.linkedin.com/in/lowellmora/

https://www.impactcfo.net/

Dr. Joe Hamlett ⁠dr.joehamlett@gmail.com

⁠http:/www.leading2changeconsulting.com ⁠https://www.linkedin.com/in/drjoehamlett/⁠ http:/www.leading2changeconsulting.com/linkinbio/

Dr. Dave Peltz

⁠PeltzCS@outlook.com⁠ ⁠https://www.PeltzConsultingServices.com/services⁠ ⁠https://www.linkedin.com/in/dr-david-peltz-phd/⁠

https://tinyurl.com/DrDavePeltz

Music intro & Outro provided by David T. Peltz, Owner of Peltz Tech Services, ⁠david@peltztech.com

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