Tag: Succession Planning

E 205 – Build a Business That Doesn’t Need You

~ FromBusyToRich

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Building a successful advisory practice takes years. But what happens when you’re eventually ready to step away?

In this episode of From Busy to Rich, Wes and Justin sit down with Andrew Mirolli to explore what advisors should be doing today to build a business that can thrive tomorrow.

They discuss why succession planning is about far more than valuation, how culture and relationships influence the right partnership, and why getting systems and processes out of your head can dramatically change the future of your practice.

Andrew also shares what advisors should prioritize at different stages of their careers—from building recurring relationships early on to developing systems, teams, and next-generation connections as the business matures.

But perhaps the most important question isn’t what happens to your business when you leave.

It’s what happens to you.

Because a successful transition requires more than a financial plan for your practice. It requires a plan for the life you want to live next.

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E175 – The New Client Experience: Unlocking Generational Potential

~ From Busy To Rich

What happens when business partners don’t plan for the unexpected?

In this episode of From Busy to Rich, host Wes Young and co-host Justin Lakin tackle a complex but critical aspect of estate planning: what happens to a business when one partner passes away, and how to avoid the unintended consequences that can follow.

Wes shares real-life stories of business owners who lacked buy-sell agreements, revealing how the absence of clear planning can lead to friction, stalled growth, and strained family dynamics. The conversation expands beyond logistics to explore how business owners can intentionally pass down values, expectations, and vision, creating not just an inheritance but a living heritage.

What to expect from their conversation:

  • How to structure a business-focused estate planning conversation
  • Common planning gaps that lead to family conflict or business strain
  • Buy-sell agreements, key person insurance, and optional property agreements
  • How to turn business planning into a tool for heritage and leadership

Resources:

Previous Episodes of Interest: 

  • The New Client Experience: Location 
  • The New Client Experience: Expectation 
  • The New Client Experience: Direction – Increasing Family Bank Velocity
  • The New Client Experience: Direction – Unleashing Human Potential

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