Next Steps: โข ๐ Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask โข ๐ Learn about the EntreLeadership Systemโข: https://ter.li/entreleadershipsystem โข ๐ป Get EntreLeadership Eliteโข for your business: https://ter.li/entreleadershipelite โข โ๏ธ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/at23fk โข ๐ข Attend EntreLeadership Summit: https://ter.li/entre-summit โข ๐ค Attend EntreLeadership Master Series: https://ter.li/ss7q48 โข ๐ Order Daveโs new book, Build a Business You Love: https://ter.li/zm0y36 โข ๐ Get your free EntreLeadershipยฎ Reading Guide today: https://ramsey.solutions/ac1etc Offer From Todayโs Sponsor: โข ๐ป Visit NetSuite today to learn more. โฎ https://www.netsuite.com/ramsey Explore More From Ramsey Network: ๐ช Front Row Seat with Ken Coleman โฎ https://ter.li/ou54iz ๐๏ธ The Ramsey Show โฎ https://ter.li/ubmnws ๐ธ The Ramsey Show Highlights โฎ https://ter.li/2oijd8 ๐ง The Dr. John Delony Show โฎ https://ter.li/11io3b ๐ธ Smart Money Happy Hour โฎ https://ter.li/2wha5j ๐ฐ George Kamel โฎ https://ter.li/o3s50e ๐ก The Rachel Cruze Show โฎ https://ter.li/gg9kqp Ramsey Solutions Privacy Policy https://www.ramseysolutions.com/company/policies/privacy-policy Products: Build a Business You Love: https://ter.li/9431b9 EntreLeadership: https://ter.li/8suqzx Baby Steps Millionaires: https://ter.li/2yy8cs The Momentum Theorem Quick Read: https://ter.li/rvjgkf Delegation Quick Read: https://ter.li/p4who1 Breaking Free From Broke: https://ter.li/z1ckcc
Full Transcript
If you're planning to leave your business to a family member, you better put your expectations in writing, especially around character and conduct. Make it clear. If they don't live up to it, you reserve the right to pull them from the succession plan. I know that sounds harsh, but this is stewardship, not entitlement. You need to talk to a lawyer. Do it right. Don't leave a mess for your family or for your team to clean up. I know that's hard, but it's worth the effort.
Original Description
Next Steps:
โข ๐ Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask
โข ๐ Learn about the EntreLeadership Systemโข: https://ter.li/entreleadershipsystem
โข ๐ป Get EntreLeadership Eliteโข for your business: https://ter.li/entreleadershipelite
โข โ๏ธ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/at23fk
โข ๐ข Attend EntreLeadership Summit: https://ter.li/entre-summit
โข ๐ค Attend EntreLeadership Master Series: https://ter.li/ss7q48
โข ๐ Order Daveโs new book, Build a Business You Love: https://ter.li/zm0y36
โข ๐ Get your free EntreLeadershipยฎ Reading Guide today: https://ramsey.solutions/ac1etc
Offer From Todayโs Sponsor:
โข ๐ป Visit NetSuite today to learn more. โฎ https://www.netsuite.com/ramsey
Explore More From Ramsey Network:
๐ช Front Row Seat with Ken Coleman โฎ https://ter.li/ou54iz
๐๏ธ The Ramsey Show โฎ https://ter.li/ubmnws
๐ธ The Ramsey Show Highlights โฎ https://ter.li/2oijd8
๐ง The Dr. John Delony Show โฎ https://ter.li/11io3b
๐ธ Smart Money Happy Hour โฎ https://ter.li/2wha5j
๐ฐ George Kamel โฎ https://ter.li/o3s50e
๐ก The Rachel Cruze Show โฎ https://ter.li/gg9kqp
Ramsey Solutions Privacy Policy
https://www.ramseysolutions.com/company/policies/privacy-policy
Products:
Build a Business You Love: https://ter.li/9431b9
EntreLeadership: https://ter.li/8suqzx
Baby Steps Millionaires: https://ter.li/2yy8cs
The Momentum Theorem Quick Read: https://ter.li/rvjgkf
Delegation Quick Read: https://ter.li/p4who1
Breaking Free From Broke: https://ter.li/z1ckcc
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