What is Succession Planning and How Does Succession Planning Work? | 824

Inside BS Show with The Godfather and Nicki G.

"Succession planning is growth planning for your business." - Dave Lorenzo

What You’ll Discover Today:

If you’ve ever wondered how to build a business that runs without you, today’s episode breaks down the exact steps. Dave Lorenzo explains how succession planning creates a self-sustaining organization, increases business value, and sets the stage for long-term growth—even when the owner steps away.

Key Topics Discussed:

-- The true definition of succession planning
-- Why replacing yourself is the first step toward building a real business
-- A practical, three-part model for how succession planning works
-- Why every employee should train their replacement—and prepare for their next role
-- How succession planning increases business value and long-term ROI
-- Action steps for solo practitioners to begin succession planning now

Links and Resources:

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Call to Action:
If you’re serious about scaling your business, start by planning your own exit. Listen to this episode and explore more on succession planning by searching “succession” on The Inside BS Show wherever you get your podcasts.