In this insightful episode of Lessons by The Lake, Bob Bedritis is joined by Paul Menig, a seasoned business strategist and succession planning expert. Together, they dive into the critical steps business owners need to take to maximize the value of their companies while planning for a smooth and successful transition.

Paul shares his wealth of knowledge on aligning leadership, preparing for unforeseen events, and ensuring that businesses are set up for long-term success. Whether you’re a business owner looking to transition out or just curious about what it takes to future-proof your business, this episode is packed with valuable advice and actionable insights.

Tune in for a deep conversation about planning for the future, keeping stakeholders aligned, and ensuring that you leave a lasting legacy.

Chapters:

0:00 - Introduction and overview on the topic of the show

2:20 - Welcoming Paul Menig

3:00 - The Game Plan

5:50 - Executing as a Team and as Individuals

08:20 - The Forces That Impact Businesses

11:40 - People Power

16:10 - Why 'Why' Comes First

21:50 - Where to Improve First

25:30 - Visual Instruction vs. Verbal

32:00 - Trucking and Tracking

35:00 - Closing Remarks and How to Get in Touch with Paul Menig

35:30 - How to get in touch with Bob's team

Connect with Paul:

Website: Businessaccelerants.com

Connect with Bob Bedritis:

Website: oswegoprivatewealth.com

Facebook: facebook.com/Oswego-Private-Wealth-Management-106334761908104/