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Succession Planning with Steve Germundson – Part 2

Steven Germundson of OPTIS Partners is back this week to share his expertise on Succession Planning. Steve has a useful acronym called P.A.C.T. that identifies the four things to consider when planning for the next generation of owners: People, Agency Value, Capital and Time. The most important component is the people. Steve and our CharlieVenus identify some of the intangible qualities of strong owners and discuss the importance of coaching the talent coming up ranks. Strategies like golden handcuffs can help retain your top talent, thereby increasing your agency’s value. It’s never too early to start planning for the future of your business, so start today with this episode of the Trusted Advisor Podcast.

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Learn more about Steve Germundson at