Timing the Transition: When and How to Start Exit Planning (Feat: Scott Snider)

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