M&A Office Hours: How To Build A Proper Succession Plan For Exit | Christine Nicholson

The Wise Exit

EPISODE 61: THIS WEEK'S GUEST - CHRISTINE NICHOLSON
In this episode, Christine talks about:

• The three things that every founder needs to focus on when building their business
• The difference between exit planning and succession planning
• What a perfect succession plan look like

GUEST BIO:
Christine Nicholson is a serial entrepreneur with multiple exits under her belt, who has now turned her attention to helping fellow business owners with succession planning before the sale of their businesses.

Christine sold her first business just 12 months after launching. She then helped a client sell a distressed business, which led her to help a family office sell off over 40 businesses. Christine knows a thing or two about the exit process and believes the number one piece of advice for business owners preparing to exit is to hire people to take over each of the business owners tasks over time. This will leave the business owner in a place to oversee the growth of the business and walk away when it's sold.

WHERE TO FIND CHRISTINE NICHOLSON:
LinkedIn
Get Exit Ready - Business Mentor

EPISODE REFERENCE AND READING MATERIALS:
How To Sell A Business Using An ESOP (Exitwise blog)
Are You Prepared to Sell Your Business? (Exitwise blog)
Selling 1-800 Hansons | Brian Elias (Cashing Out podcast)