Brad Scoffin, Advanced Business Brokers: Valuable Small Business Resources and Succession Planning

Brad Scoffin from Advanced Business Brokers highlights two valuable resources that can significantly benefit entrepreneurs: the Small Business Development Council (SBDC) and SCORE. These organizations offer mentorship and support at no cost, funded by tax dollars through the Small Business Administration. They can assist with business plans, marketing, and growth at all stages of a business. 

Scoffin emphasized the importance of utilizing these resources to gain expert advice and support. SBDC and SCORE provide valuable guidance that can help business owners navigate the complexities of running a business. Whether you’re just starting out or looking to grow, these organizations can offer the mentorship needed to succeed. 

The Importance of Succession Planning 

Another crucial topic Scoffin discussed was succession planning. He stressed that business owners should aim to make themselves less central to daily operations. This approach not only increases the value of the business but also makes the transition process smoother when it’s time to pass the reins to someone else. By reducing their day-to-day involvement, business owners can ensure that their business remains robust and continues to thrive even in their absence. 

In conclusion, Scoffin’s advice is essential for enhancing your business’s success and preparing for the future. By leveraging resources like SBDC and SCORE and focusing on succession planning, small business owners can build a strong foundation for long-term growth and stability. Don’t miss out on these valuable lessons to elevate your business to the next level. 

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