coaching Archives - Your ExitMap https://yourexitmap.com/tag/coaching/ Free Exit Planning Tools for Business Owners Wed, 05 Jul 2023 15:17:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/wp-content/uploads/2026/03/cropped-Site-Icon-YEM-2-32x32.png coaching Archives - Your ExitMap https://yourexitmap.com/tag/coaching/ 32 32 122889523 The Role of a Coach in Exit Planning https://yourexitmap.com/the-role-of-a-coach-in-exit-planning/ https://yourexitmap.com/the-role-of-a-coach-in-exit-planning/#respond Tue, 23 May 2023 15:55:34 +0000 https://yourexitmap.com/?p=7976 Defining the role of a coach on your exit planning team doesn’t just happen. Like any other aspect of working with consultants, you need to set expectations upfront. Many advisors like to characterize themselves as the “quarterback” of a transition planning team. I’ve always objected to that. We regard the business owner as the quarterback of the planning process. After all, the coach never gets sacked by a 300-pound defensive lineman. The advisor may want to win every bit as much as the business owner, but it’s the owner who actually has skin in the game. A Coach’s Responsibilities It’s one thing to say that ... Read more

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]]> https://yourexitmap.com/the-role-of-a-coach-in-exit-planning/feed/ 0 7976 The Coaching Skill in Exit Planning https://yourexitmap.com/the-coaching-skill-in-exit-planning/ https://yourexitmap.com/the-coaching-skill-in-exit-planning/#respond Fri, 15 Jan 2021 20:16:23 +0000 https://yourexitmap.com/?p=5655 The single most important talent in your exit planning team is coaching skill. I’ve written often in this space about the need for multiple talents, from taxation to legal, financial planning, and risk management. None, however, is more important than coaching. Let me put it this way. Your planning team can be led from any position, as long as the person leading has coaching skill. If he or she doesn’t, all the clever tax advice or ironclad documentation in the world won’t lead to your successful transition. But if the person leading the team is an experienced coach, you’ll probably be okay. What is Coaching ... Read more

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