Timing the Transition: When and How to Start Exit Planning (Feat: Scott Snider)
Wed May 21 2025
In this episode of Lessons by the Lake, we sit down with Scott Snider, President of the Exit Planning Institute, to explore one of the most critical—and often overlooked—phases in a business owner’s journey: knowing when and how to begin planning your exit.
Scott shares expert insights on the strategic importance of timing, how early preparation creates more attractive, valuable businesses, and what missteps to avoid along the way. Whether you're a business owner considering a sale in the next few years or a trusted advisor to one, this conversation offers practical frameworks and real-world examples to help guide successful transitions.
Chapters:
0:00 - Introduction
3:23 - The exit planning process
8:01 - The owner readiness survey findings
19:14 - When to begin the exit planning process
28:39 - Finding your meaning and purpose
33:32 - How to get in touch with Bob and his team
34:44 - Closing remarks
More
In this episode of Lessons by the Lake, we sit down with Scott Snider, President of the Exit Planning Institute, to explore one of the most critical—and often overlooked—phases in a business owner’s journey: knowing when and how to begin planning your exit. Scott shares expert insights on the strategic importance of timing, how early preparation creates more attractive, valuable businesses, and what missteps to avoid along the way. Whether you're a business owner considering a sale in the next few years or a trusted advisor to one, this conversation offers practical frameworks and real-world examples to help guide successful transitions. Chapters: 0:00 - Introduction 3:23 - The exit planning process 8:01 - The owner readiness survey findings 19:14 - When to begin the exit planning process 28:39 - Finding your meaning and purpose 33:32 - How to get in touch with Bob and his team 34:44 - Closing remarks