The Profit Accelerator Podcast

"Succession Planning" with Abbe Large

March 06, 2024 Dawn Kennedy Season 1 Episode 127
"Succession Planning" with Abbe Large
The Profit Accelerator Podcast
More Info
The Profit Accelerator Podcast
"Succession Planning" with Abbe Large
Mar 06, 2024 Season 1 Episode 127
Dawn Kennedy

Dawn talks with Abbe Large. Abbe, CLTC, Senior Vice President at Lenox Advisors, is a dedicated professional whose drive is to put her clients' best interests first. With nearly 30 years of experience, she is highly skilled in a variety of financial services, estate planning, and asset management solutions. With her corporate clients, she helps structure strategic employee benefits as well as executive carve-out programs. Dawn and Abbe talk about succession planning.

In this episode…

Who is  Abbe Large and whom does she serve? (1:06).


Core pillars that I talk about with my business owners (2:37)

What essential aspects of business insurance are often overlooked by entrepreneurs regarding personal protection in unforeseen circumstances like accidents or disabilities? (3:46)


How often should we be checking these plans? How often do we need to make sure that with inflation stuff, there is enough funding for the buyout? (11:29).


Should business owners proactively establish a buy-sell agreement or succession plan triggered by events like the six D's, or is it typically implemented reactively when such events occur? (14:06)


How should business owners start creating a buy-sell agreement or succession plan, given the urgency and potential reluctance among stakeholders? (16:48)



Abbe Large’s Information.

Website: https://www.lenoxadvisors.com/

Linkedin: https://www.linkedin.com/in/abbelarge/
FB:https://www.facebook.com/LenoxAdvisors



Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books

Show Notes

Dawn talks with Abbe Large. Abbe, CLTC, Senior Vice President at Lenox Advisors, is a dedicated professional whose drive is to put her clients' best interests first. With nearly 30 years of experience, she is highly skilled in a variety of financial services, estate planning, and asset management solutions. With her corporate clients, she helps structure strategic employee benefits as well as executive carve-out programs. Dawn and Abbe talk about succession planning.

In this episode…

Who is  Abbe Large and whom does she serve? (1:06).


Core pillars that I talk about with my business owners (2:37)

What essential aspects of business insurance are often overlooked by entrepreneurs regarding personal protection in unforeseen circumstances like accidents or disabilities? (3:46)


How often should we be checking these plans? How often do we need to make sure that with inflation stuff, there is enough funding for the buyout? (11:29).


Should business owners proactively establish a buy-sell agreement or succession plan triggered by events like the six D's, or is it typically implemented reactively when such events occur? (14:06)


How should business owners start creating a buy-sell agreement or succession plan, given the urgency and potential reluctance among stakeholders? (16:48)



Abbe Large’s Information.

Website: https://www.lenoxadvisors.com/

Linkedin: https://www.linkedin.com/in/abbelarge/
FB:https://www.facebook.com/LenoxAdvisors



Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books