Scott Snider is a recognized expert in family business dynamics and the CEO of Exit Planning Institute (EPI), where he leads efforts to educate advisors and business owners on succession planning and value acceleration strategies. With a background in finance and a passion for helping businesses navigate leadership transitions and maximize their value, Scott is dedicated to providing practical insights and methodologies through EPI's training programs and resources. His work, alongside industry leaders like Jonathan Goldhill, focuses on addressing the unique challenges of generational transitions, disruptive successors, and adapting businesses in response to challenges like the COVID-19 pandemic, making him a sought-after speaker and consultant in the field of family business advisory.

SHOW SUMMARY

In this episode of Disruptive Successor, Jonathan Goldhill Jonathan Goldhill welcomes back Scott Snider, President of the Exit Planning Institute (EPI). Scott shares his journey from exiting his first business to leading a family-run institute that educates advisors on exit planning. The discussion dives into the significance of exit planning, challenges in running family businesses, and the impact of EPI’s value acceleration methodology. Learn how Scott and his team navigated pandemic-related hurdles, the importance of strategic planning, and future goals for EPI. This episode is packed with insights for next-generation leaders, family business owners, and entrepreneurs interested in succession planning and maximizing business value.

KEY TAKEAWAYS

• Value Acceleration Methodology: Understanding the importance of aligning business, personal, and financial goals to create a significant and valuable company.
• Transitioning Leadership: Insights into the challenges and strategies for successfully transitioning leadership within a family business.
• Impact of COVID-19: How EPI pivoted from in-person to virtual training during the pandemic and what it taught about resilience and adaptability.
• Generational Shifts: Observations on how different generations approach exit planning and the implications for advisors and business owners.
• Communication and Decentralization: The critical role of regular communication and the need to decentralize control to empower the next generation of leaders.

QUOTES

• "We all know that what got us here isn't going to get us there."
• "Value acceleration is about blending business, personal, and financial goals for long-term significance."
• "The pandemic forced us to pivot quickly, and it showed us the strength of our team and the importance of being adaptable."
• "Regular communication is absolutely critical in a family business, especially during leadership transitions."
• "Different generations have different approaches to exit planning, and it's important to understand these shifts to better serve business owners."

Connect and learn more about Scott Snider.
LinkedIn: https://www.linkedin.com/in/scott-snider-epi/

If you enjoyed today’s episode, please subscribe, review, and share with a friend who would benefit from the message. If you’re interested in picking up a copy of Jonathan Goldhill’s book, Disruptive Successor, go to the website at www.DisruptiveSuccessor.com