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Investor Connect Podcast


Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Jun 27, 2024

Key Questions for Succession Planning

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Succession planning is a key part of running a family office.

Here are some key questions to consider in planning your succession program.

Do you need a succession plan?

All family offices need a plan to help transition the business to the next management team.

That could be a family member or someone outside the family.

A succession plan in place prepares everyone for a transition.

When to start planning?

It’s best to start planning now if you have not already begun the process.

Succession planning will evolve over several months and sometimes years.

Where to start with the planning process?

Create a list of roles and responsibilities for the current leadership team.

Map out other resources and players including advisors and contractors.

This lays the groundwork for a succession planning process.

What to include in a succession plan?

Capture the jobs to be done now and in the future.

Create an emergency plan in case of a crisis.

How to find a successor?

The successor could be from within or outside the family.

Based on the family members’ interest in leading the family office and their skills will determine where the next stage of leadership will come from.

Consider these questions for your family office succession planning.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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