A business podcast providing inspired insight on forward movement in the middle market
How can middle market businesses keep moving forward in an up-and-down business environment while still dealing with the added complexity that growth brings? The EB & Flow podcast breaks down the little and big things in business when you're swinging between day-to-day details and time for strategy. Hear unique business stories, get answers to your frequently asked—and frequently unasked—questions, and understand business topics that matter to you.
Keeping it in the Family: What You Need to Know About Family Succession in Business
Many business owners dream of one day handing their business down to the next generation. However, what seems like a straight-forward transaction can often turn into an emotional affair that brings up difficult conversations and questions. From differences in opinion on who should be an organization’s next leader to the discovery that family succession isn’t a viable option (https://www.eidebailly.com/insights/articles/2022/4/what-to-do-when-succession-to-the-next-generation-isnt-an-option) at all, there are many factors that can impact the success of a transition plan (https://www.eidebailly.com/insights/articles/2019/3/seven-steps-to-creating-a-successful-succession-plan).
On today’s podcast (https://www.eidebailly.com/ebflow), Eide Bailly Partner Chad Flanagan discusses how families can approach this process in a way that ensures everyone is on the same page, common challenges families face and how business owners can start now to lay the groundwork for a smooth transition.
“Stepping back, going through a succession planning process, it’s really as much a strategic planning process as anything to say, what are our goals? How fast do we want to grow? How aggressive do we want to be? How much risk do we want to take? We find naturally that generation one probably wants to minimize risk and protect their assets and their investments, and generation two wants to grow and conquer the world and so they want to take risks. And they fight on a daily basis about operational issues because they view the direction of the company in two very different ways.” – Chad Flanagan
Guest Info:
Chad Flanagan (https://www.eidebailly.com/people/168)
Partner
Eide Bailly
3 Aug 2022
There’s No Perfect Plan: Wealth Transition Concerns When Exit Planning
There are many considerations when it comes to selling your business. But you should never overlook the financial implications for the present and in the future. Many business owners who are moving into retirement choose to sell their business and that sale needs to fund their financial goals for many years to come. It will also fund the goals they have for their estate when it’s passed down to their family.
Ensuring you have a plan that can reach these goals in an efficient and flexible manner is complex process that takes time and guidance. Ava Archibald, Principal-in-Charge of Wealth Transition Services at Eide Bailly, joins the EB & Flow podcast to discuss what business owners need to know about the financial concerns in a sale and how they can create a plan that maximizes the benefits for both the owner and their family.
“I always say the key to a successful estate plan is implementation. You can draft the best plan, but if it’s not followed through, and you don’t implement the plan down the road, or take the right steps after the fact, all that planning you did on the front end could be for nothing.” – Ava Archibald
Guest Info:
Ava Archibald
Principal-in-Charge | Wealth Transition Services
Eide Bailly
aarchibald@eidebailly.com
7 Jul 2022
Exiting Your Business – Key Considerations When It’s Time to Sell
Every business owner will one day have to face the decision of how to sell or transition their business. How can they ensure they enter this process with an organization that is optimized for a sale? Eide Bailly Partner Amber Ferrie joins the podcast to talk about what business owners need to know about transitioning their business.
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
5.0 / 5
8 ratings
Contact EB & Flow
Guest appearances
Books guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Host of EB & Flow?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
