Show Notes
One thing that often is forgotten when starting and running your own business is how you finish. On our first deep dive conversation, Chad Hanson from Emprise Bank joins us to talk about succession planning for your business. Don and Ebony bring the questions and Chad guides us through things to consider as you plan your exit. On this episode we discuss:
- Using SBA loans as a tool for starting a business
- The importance of succession planning
- The dangers of not having a plan
- How soon to get started on your succession plan
- The real definition of a succession plan
- What parties, inside and outside of the company, should be involved
- What resources are available to learn from
- The value of trusted advisors
- What happens after you have the plan
- The importance of being flexible
Learn more about Emprise Bank:
316-383-4301
Chad Hanson joined Emprise Bank in 2019 as Strategic Relationship Manager and Commercial Segments Leader. In this role, he oversees key commercial relationships and strategic growth efforts in addition to leading Emprise’s business banking group. Chad has more than 15 years of broad experience in the financial industry. He has been responsible for business development, managing a large client portfolio, and sourcing and managing a variety of real estate and private equity investments. Chad is a graduate of Wichita State University, having earned a BBA in Finance with Emphasis in Real Estate. He is active in the community with past involvement including serving at Make A Wish, Youth Entrepreneurs, Junior Achievement, and Big Brothers Big Sisters.
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