Abby Donnelly On Succession Planning

Straight Talk will help you set the foundation for succession planning, whether you plan to exit in one year, five years or 15 years. Every owner will exit his or her business one day. In this fast-paced easy read, we explore the critical strategies and tools that pave the way for a successful exit -- on your terms, and we help you avoid the pitfalls that can derail your best intentions.

Abby Donnelly, Founder of The Leadership & Legacy Group, works closely with business owners and CEOs to develop successors who can run the business profitably and sustainably and both parties have confidence that the new leaders are ready. She helps them navigate the often complex conversations and challenging emotions that come with a transition of this magnitude. She guides clients in their 50s and beyond who are facing a transition, to discover their meaningful and rewarding next job, next career or next chapter.

A fourteen-year veteran of Procter & Gamble, Abby led improvements in leadership effectiveness, productivity, and streamlined business processes.  She was a partner at Sandler Training, a franchise specializing in sales and sales management training, for over eleven years and she is a graduate of the University of Florida with a Master of Statistics. Her clients consistently appreciate her ability to get to the root of an issue. She asks powerful questions and is exceptional at providing clarity, keen insight and fresh perspective. She can identify the barriers that get in the way of success and provide powerful guidance to help leaders make intentional change, improving performance and delivering better results.

Topics in this episode include:

01:48: About April

10:15: When there's no qualified buyer

15:32: The real ugly truth about succession planning

20:13: Thinking beyond the sale of your business

27:08: Why your people are your biggest asset

39:38: Answering "what's next?" - Three things to uncover about yourself once you sell your business

Get the book here: https://www.amazon.com/gp/product/B06...

About Gene: Gene Marks is a former columnist for The New York Times and The Washington Post and now writes weekly on political, economic, management and technology issues affecting small and mid-sized businesses for The Guardian, The Hill, The Philadelphia Inquirer, The Washington Times, Forbes and Entrepreneur. He runs a 10 company financial and technology consulting firm near Philadelphia.