Exit Planning or Succession Planning? | 822

“Succession planning is about people. Exit planning is about money. If you confuse the two, you'll fail at both.” - Dave Lorenzo What You’ll Discover Today: In today’s episode of the Inside BS Show, Dave Lorenzo pulls back the curtain on one of the most misunderstood concepts in business transitions: the difference between succession planning and exit planning. If you’re a business owner, advisor, or consultant, this is the episode that clarifies where your focus should be and when. Too many people blend these two ideas and end up preparing for neither. Dave explains why that confusion leads to lost value, internal chaos, and missed opportunities. Key Topics Discussed:The definition and purpose of succession planning: developing internal leaders and ensuring continuity.The focus of exit planning: maximizing enterprise value and preparing for a transfer of ownership.Why most advisors mistakenly treat them as the same process—and the risk that creates.Real-world examples of businesses that succeeded by separating the two—and those that failed when they didn’t.Dave’s three-question test to determine if you’re doing succession or exit planning.The hidden cost of failing to build a bench of leadership.How to time your planning process to create maximum ROI on both the financial and human sides of your business. Links and ResourcesSubscribe via Email: GetInsideBS.comListen on Spotify: Inside BS Show on SpotifyListen on Apple Podcasts: Inside BS Show on AppleCall Us: (305) 692-5531 📞 Call to Action Most people confuse succession planning and exit planning until it’s too late. Don’t be one of them. Listen to the episode now and then call Dave at (305) 692-5531 to talk about what your business really needs before you're forced into a transition you’re not ready for.