10 Steps to Prepare to Sell Your Financial Practice
Legacy Builders
In this episode of Legacy Builders, I take a deep dive into the critical process of preparing to sell your financial practice. Selling your practice is often the largest transaction you'll ever undertake, making thorough preparation essential. I outline Advisor Legacy's 10-step process, beginning with defining your personal "why" for selling and understanding your practice's true value through professional valuation. We explore the importance of crafting your unique story, managing client relationships, and mitigating risks during the transition. Additionally, I discuss the significance of documenting your business operations and maintaining strong communication with clients. Join me as I guide you through these vital steps to ensure a smooth transition and maximize the value of your hard work.
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