Jeremy Stevenson: Succession and Exit Planning

Net Profit Podcast- Accelerate Your Profits with Ryan Kimler

About Jeremy Stevenson: Jeremy Stevenson is the Founder and Managing Partner of iBridge global partners, a consultancy specializing in B2B and family businesses. With over 25 years of experience, Jeremy has a profound understanding of the unique challenges faced by family-owned enterprises. Having managed his parents' businesses during college, Jeremy went on to work for a consulting firm, helping countless business owners across the country. He co-founded a company that achieved over a billion in sales before selling it to Nationwide, ultimately leading him to establish iBridge. Jeremy's true passion lies in assisting family business owners in achieving their goals, from turnarounds to exits and continuing legacy businesses. His relationship-based approach enables him to build tailored solutions that align with the values and aspirations of his clients. With a proven 5-step process, Jeremy guides owners through the complexities of creating a holistic strategy, navigating the dynamics of both business and family, and designing roadmaps to succession or exit.

In this episode, Ryan and Jeremy Stevenson discuss:

• Navigating the complex dynamics of family businesses
• The challenges and importance of succession planning in family-owned businesses
• Establishing and preserving trust within complex relationships during succession planning
• The importance of starting early in exit planning for family businesses.

Key Takeaways:

• As a B2B family business strategist, Jeremy guides families through succession planning by clarifying goals, establishing a governance structure, and aligning business strategy with long-term vision for a smooth and successful transition.
• Successful succession planning involves early preparation, open discussions with family members about the business's future, and establishing a clear transition or sale plan to enable the owner to pursue their next passion while safeguarding their legacy.
• Navigating succession planning involves fostering relationships, building trust, assembling a diverse team, and helping business owners discover new passions outside their business to safeguard their legacy and facilitate a seamless transition for their families and the business's value.
• Start yesterday, get started on your exit planning and succession for your family business as soon as possible, because the process takes longer than expected and delaying it can lead to detrimental consequences for your family and legacy.

"If you just keep kicking the can down the road, it's never going to get any better. At some point, there's going to be something that happens essentially. And if nobody knows how to run the business from there, then everything's going to fall off the tracks and your family's going to be in a much worse spot." — Jeremy Stevenson

Connect with Jeremy Stevenson:

Website: https://ibridgeglobalpartners.com/

Email: [e-mail]

LinkedIn: https://www.linkedin.com/in/jeremy-ibridge/

Schedule your free 1:1 Profit Breakthrough Session with Ryan here: https://go.oncehub.com/profit

Connect with Ryan Kimler:

Net Profit CFO Home Page: www.netprofitcfo.com

Email: [e-mail]

Facebook: www.facebook.com/rkimler

LinkedIn: www.linkedin.com/in/ryankfinancialclarityllc/

LinkedIn NPC Company: https://www.linkedin.com/company/netprofitcfo/

LinkedIn FC Company: https://www.linkedin.com/company/financial-clarity-llc/

Show notes by Podcastologist Andy Santiago

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.