Black To Business

251: How to Prepare Your Business for Succession & Who Takes Over After You w/ David Edey

Informações:

Sinopsis

If you’re building something powerful with your business, you’ve probably thought about who it’s all for. But have you really planned for what happens to that business when you’re no longer in the driver’s seat? Whether you’re just getting started or years in, thinking about the future can feel overwhelming, especially when it involves tough conversations about money, death, or legacy. But not having a plan is a risk too many Black entrepreneurs are taking, and it’s costing us the very generational wealth we’re working so hard to build. In this episode, we’re joined by David Edey, a Certified Executor Advisor with over 40 years of experience in estate and legacy planning. David knows firsthand the cost of not having your affairs in order. After settling his own parents’ estate took seven years, $50,000 in legal fees, and a toll on his health, he made it his mission to help others avoid the same fate. He breaks down the critical steps every entrepreneur, especially Black business owners, needs to take to creat