{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Make Your Passion Pay","title":"Business Succession Planning: Protect Your Business and Build Your Legacy with Scherrie L. Prince","html":"","width":"100%","height":180,"duration":1784,"description":"What are you building today that you want to continue creating value for years to come?\nIn this episode of Make Your Passion Pay, I sit down with Scherrie L. Prince, attorney, founder, strategist, host of the Play Big Faster Podcast, and author of the forthcoming book Build the Moat First. Scherrie helps entrepreneurs bring their business plans, estate plans, and long-term vision together so they can create businesses designed for control, continuity, protection, and legacy.\nTogether, we explore what it means to begin with the end in mind. Scherrie encourages business owners to envision the life and legacy they want to create and then reverse engineer the business structures needed to support that vision. From estate planning and succession planning to governance and risk management, she shares practical ways entrepreneurs can build a strong foundation around everything they are creating.\nScherrie also introduces her four essential outcomes for founders: control, continuity, protection, and legacy. She explains how thoughtful business structures, governance, standard operating procedures, risk management, and succession planning work together to create what she calls a \"moat\" around your company.\nWe also talk about the importance of creating a \"money team\" of trusted advisors. Scherrie shares how bringing together professionals such as your attorney, accountant, banker, insurance professional, and tax planner creates greater collaboration around your bigger vision. Rather than viewing each area independently, your advisors can work together to help you build toward the future you envision.\nAnd protecting your legacy extends beyond paperwork. Scherrie and I explore how company culture, leadership, systems, and an empowered team contribute to a business that can continue thriving beyond its founder. Creating a culture people believe in, and systems they can carry forward, gives business owners greater freedom today while strengthening the company's future.\nIn this...","thumbnail_url":"https://img.transistorcdn.com/cn0MbsaqDKqNmPjLG0hPpYU6uowO9KKacj9MVFKSkcI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kMTdj/YmY1NzI0N2FjZmJm/YjllMTMwNzQ1MjMy/ZmMzOS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}