Tyson Ray and Kim Cochenour are joined by Brittany Anderson of Sweet Financial to dive into why the so-called "Queen Bee Syndrome" actually kills value and impedes succession.

Tune in to learn how to strategically identify your firm's leadership gaps, explore powerful external options, and find high-value next-gen advisors who are empathetic self-starters ready to lead their firm.

• Tyson Ray and Kim Cochenour explore potential external succession options.
• Brittany kicks things off by sharing how her journey in the wealth planning space started 17 years ago.
• She goes over why leadership development is such a critical piece of succession planning and growth.
• Tyson explains why, as a founder, doing things the way you did in the past isn't the right recipe for success – and Brittany doubles down on the so-called Queen Bee Syndrome.
• "When you get to a certain point in your business, you're ready to either build, buy or sell", says Brittany.
• Tyson, Brittany and Kim talk about one of the biggest challenges advisors face: letting go.
• Brittany sees a big flaw with operating systems: they treat people on your team as a method for getting what you want instead of learning what they want.
• Helping them accomplish their goals in a way that's so tied to your vision and supports them will likely make them team members that never want to leave.
• Brittany lists what to be aware of and try to avoid when looking at next-gen advisors.
• Remember, just because somebody is really good at what they do, does not necessarily mean that they're going to make for a great leader…
• Empathy and self-starter are key traits Brittany recommends looking for in a next-gen advisor.
• Brittany shares an exercise for leaders. Take a piece of paper and write down what you want to spend your time on, what you'd like to focus on, and what you wish to have influence over.
• Kim asks Brittany to share her thoughts about the role that a leadership culture looks like inside of a thriving practice, as well as about successfully preparing for a succession.
• For Brittany, going through the exercise of identifying your firm's gaps – even if you have internal succession leaders – will help increase the value of your business.
• Don't limit yourself to thinking about what you're retiring from, but also think about how you're going to spend your days, and when your energy's going to go.
• Tyson warned founders: "You're either going to decide how this works or it's going to be decided for you or for your family."

Mentioned in This Episode:

TotalSuccession.com

TotalSuccession.com/podcast

FORM Wealth Advisors

Tyson Ray

Kim Cochenour

Brittany Anderson

Sweet Financial

Dan Sullivan

Meta

OpenAI